I can help you to get the tools you need to be able to be a succesfull company in your new market.
[tabs slidertype=”left tabs”] [tabcontainer] [tabtext]Focus[/tabtext] [tabtext]Methodology[/tabtext] [tabtext]Criteria[/tabtext] [tabtext]Application Process[/tabtext] [/tabcontainer] [tabcontent] [tab]Interim Ventures focuses on providing U.S. strategy, marketing and business development for Swedish IT, Internet and wireless companies with unique technologies and thought-leading value propositions.
Specifically, Interim Ventures works in the following areas:
- Assessment of potential for successful U.S. expansion Strategy development
- Execution through the 5-step U.S. expansion process
Interim Ventures also works with companies that already have begun the U.S. expansion process, but have a need to: Refine strategy, product offering and/or U.S. marketing communications Increase revenues through improved sales and marketing effort Streamline U.S. operations Open a Chicago-based sales office[/tab]
[tab]Interim Ventures’ methodology consists of several separate steps structuring the expansion process to reduce time and expense to the U.S. market and increase probability for success.
Each step requires the attainment of specific milestones and proof-of-success and concludes with an assessment on whether to continue the process. Assessment of potential for successful U.S. expansion Assessment Decision Assessment of the U.S. opportunity Decision on whether to pursue the U.S. opportunity
The 5-Step Transformation Process Plan Adapt Engage Solidify Expand Plan and lay the foundation for performing the following phases. Adapt strategy, product/service and communication for the U.S. market. Engage initial customers and partners. Close initial customer and partner deals. Recruit key managers. Obtain funding, if desired. Expand the U.S. team, partner and customer base. “Move out” from Interim Ventures. [/tab]
[tab]Expansion on the U.S. market often takes much longer than most companies anticipate. And since time is money, you want to ensure that you use it in the most productive way.
The Interim Ventures process reduces time and expense to the U.S. market and increases the probability for success. Still you need adequate cash flow to support the transformation process, possibly without seeing any revenues returns for the first 8 – 12 months.
The strategy and the magnitude of the 5-Step Transformation Process will be structured in according to your current and potential resources.
Below are some general criteria for successful U.S. expansion:
- Unique or proprietary technology or thought leading business concept.
- Product or Service that is complete (or near-completion), although it might not yet have been customized for the U.S. market.
- Potential for revenue opportunities exceeding $1 million during the first year, starting with the Solidify phase.
- Strong hypothesis of sustainability and scaling-up potential.
- Strong, committed and good-business-sense management and Board of Directors.
- Real and referenceable customers, preferably a few international.
- Adequate cash flow to sustain the US. Transformation Process. This generally this means that you either have positive cash flow (more revenues than expenses…) or have received investments for geographical market expansion.
- In addition, an excellent working relationship, based on good understanding, is required in order to succeed.[/tab]
[tab]The selection process usually begins with a phone call or e-mail from you to Interim Ventures or vice versa. Maybe a mutual acquaintance has suggested that we to get in touch with each other.
It then continues with a face-to-face meeting, if possible, or a longer phone conversation. Now we both want to learn more about each other. You have questions to Interim Ventures.
Some of our questions for you include:
- Why the U.S. market?
- What do you hope to accomplish?
- What do you have to offer the U.S. market that’s unique and compelling?
- How do you stack up against U.S. competitors?
- How do you wish Interim Ventures to help you?
If mutual interest continues, Interim Ventures will suggest that your company be reviewed during the next Advisory Board meeting. We’ll provide you with a suggested format for you to put together a brief overview of your company to be presented to the Advisory Board. The Advisory Board reviews and discusses your company information and makes a recommendation on whether to pursue the “Assessment of potential for successful U.S. expansion.” At this point, we’ll develop a formal agreement for you to sign. After signature, we’re off to begin the process![/tab] [/tabcontent] [/tabs]