I have not failed. I've just found 10,000 ways that won't work. Thomas Edison Inventor and Scientist

Business Acceleration

Growth means change and as a business grows so its complexity increases. To manage this complexity, the business requires a new understanding and skill set to ensure that the growth will deliver the right results.

However, during the early growth stage of a business it is difficult to get the right skills as the business has limited resources. Access to finance is also crucial but difficult to obtain as the business cashflows may be volatile and systems, particularly back-office systems are often weak. Aurik Business Acceleration has been designed to address these and all other challenges you will face as you grow.

What Is It?

Our business acceleration services include:

Access to business skills (strategic, financial, legal, marketing, sales and dealmaking);
Access to back-office services to deal with accounting, payroll and tax compliance;
Access to fund-raising support (R3-7 million) on a success-fee basis; and
Access to short term debt finance (R250-R500k).

The outcome of business acceleration is a business that:

Is clearly differentiated from competitors;
Has a solid and stable foundation;
Enjoys differentiated revenue streams;
A growing customer base; and
A lean and mean business model driving great profit ratios.

How Does It Work?

Acceleration

Phase I: Building a Foundation for Growth

During this phase, we work with you to:

Develop the growth foundation by identifying and prioritising 6-month goals;
Map out the operational business strategy to achieve these goals;
Identify the systems and resources required to achieve these goals; and
Implement the 6-month business strategy, by providing intensive business development support and operating as part of your team

Phase II: Get funding for the business

Raising funding to implement your growth plan is a major distraction from the daily and monthly operations of your business. The process is typically frustrating, very time consuming and not that interesting! Aurik has relationships with angel and debt funders who are able to provide funding for bankable businesses. On the back of the work done during the first phase of acceleration, Aurik can:

Identify and lead the process of engaging with funders;
Support the entrepreneur during funding negotiations; and
Brings its experience to bear in structuring the final transaction.

Phase III: Achieving Growth Goals

During this phase, we work with you to:

Develop a 3-5 year end goal of the business;
Map out the business strategy that will achieve this goal;
Identify all the resources required to implement the growth plan including the human resources and skill sets, the assets, the supporting services, the relationships and any other identified resources; and
Implement the business strategy, as part of your team, and provide intensive business development support over an agreed period of time.

What Does It Cost

Phase I, Build a Foundation for Growth:

As a result of the intensive direct support Aurik provides over a 6-month period, consulting fees are mostly unaffordable. Aurik’s fee is not fixed, but is structured as a turnover royalty over an agreed period of time. The business is required to take out a backoffice support package during this period.

Phase II, Get Funding for the Business:

At the end of the 6-month period, successful platform building should create a more bankable business. We will help you raise funds at this point on a success fee basis.

Phase III: Achieving Growth Goals:

The duration of this phase is subject to negotiation. Aurik’s fee is, once again, generally structured as a turnover royalty. Proposals for an equity stake in businesses in special cases are also considered.

Assisting Your Business

Aurik Secures Access to R100m in Funding