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Then the unexpected happens.
A potential customer wants a meeting, now. A
door opens. A deal is struck. Things
begin to click, and what you and your associates
projected would take six months to accomplish, takes
two. Through a combination of factors, your business
is accelerating. That’s when the support
provided by
LEN
becomes all the more critical, allowing
entrepreneurs to focus on building the product and
the development team. “The
advice I received from my advisory board did
accelerate me,” said Johnson.
In the early stages of AnswerOn, Johnson needed to put together pricing – in a hurry – for a potential major customer. “One of my advisors dropped everything and spent the day with me developing that pricing structure. I got an outside point of view and impartial input. And we won that customer,” said Johnson. As young companies take off, LEN can also provide financing and manufacturing strategies, product pricing and packaging, infrastructure planning and supply chain management. Client fees are kept low and a significant portion are payable only if the company is successful. LEN investors and sponsors subsidize other services. The ability to accelerate is inherent to the types of business that become a part of LEN. And the LEN network can help with the variety of strategic needs and acute problems faced by entrepreneurs.
Financing plays a central role in acceleration.
LEN
assists companies in obtaining financing by
consulting experts who determine the best capitalization
method as well as facilitate the funding process.
Or as Walter Wong, a
LEN
consultant puts it, “LEN is like your band of brothers.
Everyone’s out of cash and you all need help."
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