Knowing when it’s time to scale your business can be challenging. Here are three signs to look out for that can help you decide if you’re ready to partner with a micro venture firm.
As a $6 million micro venture capital investment fund, Valley Growth Ventures has partnered with exceptional high-tech startups to increase their financial footprint and place them on the path to greater success. This is due in large part to our strategic approach, which leverages the knowledge and expertise of our skilled team and thorough due diligence process to attract exceptional ideas and talent.
So with this type of significant capital available in Ohio, how will you know if the time is right for your startup to seek out funding?
#1: You have a scalable idea with high earning potential
Are you in a high-growth industry with a unique idea? If so, consider seeking out an investment partner to help your idea turn into a business that can create value. Companies that have a strong management team, are working in the beta product through market entry stages, and have a minimum $500 million market size fall within our ideal criteria for investment.
As an example of Valley Growth Venture’s value creation, in 2018, the firm invested in partner MedPilot, a healthtech company focused on enhancing provider and patient communication to transform the patient experience. In March 2021, MedPilot became the fund’s first investment exit, as the company was successfully acquired by New Jersey-based Vytalize Health.
Sign #2: You need financial assistance to grow your business
If you’ve gotten to a point where you’ve identified a true need for your product or service, but you don’t have the funds to drive awareness and growth, it’s time to consider seeking out funding.
As the premier micro venture firm in Northeast Ohio, Valley Growth Ventures invests
in several industries, including but not limited to software, IT, energy, additive-
manufacturing, and advanced materials. We recognize when a growing company is ready to move beyond beta and begin commercialization, and partner with businesses to incorporate our knowledge, expertise, and capital resources to ultimately promote maturity to exit.
Sign #3: You have a solid founding team
The founding management team is the ultimate key to a successful business. People on your team can bring different, positive elements to the table. Some may be the visionaries, others the operationalists or strategists. But, combined, the team members have the same goals in mind and help the company reach them—with or without fail. You’ll know your co-founding “recipe” is suitable when you notice these characteristics in your team, and your members also help to onboard new employees to grow the company.
Calling all Ohio-based startups in the technology industry—this one’s for you! What stage are you at in your company’s growth? If you’re in the early stages, how are you moving your business forward in growth and development? How are you funding your business to move to the next stage? If you haven’t figured it out yet, securing funding could be the next step to propel your startup forward. But where do you start?
Start here. At Valley Growth Ventures, we’ve crafted the recipe to move early-stage businesses to high-growth companies across the state of Ohio. As a $6 million micro venture capital investment fund, we’ve partnered with exceptional startups in the tech and medical fields to increase their financial footprint and place them on the path to greater success.
As an example of Valley Growth Venture’s value creation, in 2018, the firm invested in partner MedPilot, a health tech company focused on enhancing provider and patient communication to transform the patient experience. During the partnership, MedPilot gained new business relationships through Valley Growth Ventures’ network, marketing support to reach a wider audience of clientele, and guidance and expertise to navigate business challenges. In March 2021, MedPilot became the fund’s first investment exit, as the company was successfully acquired by New Jersey-based Vytalize Health.
Valley Growth Ventures is well-connected in the Mahoning Valley area and comprised of members with extensive backgrounds in various industries to provide excellence, expertise, and experience in innovation. We invest in close partnerships with local startups to increase growth, build value in the community, and focus on financial returns. Our mission is simple: Generate positive ROI for investors while driving local wealth and job creation.
Ohio is seeing an explosive increase in venture capital investments. This year alone, Ohio has seen $1.1 billion of investment go into tech companies, already breaking the state’s full-year record for venture capital investment with more than five months to go. Seen as a business-friendly state, Ohio attracts global investment and fosters growth through a simplified tax structure, affordability, and diversification. Because the state is startup-friendly, it takes less funding to get businesses growing.
If you’re ready to take your startup to the next level, reach out to Valley Growth Ventures for more information on funding. We’re ready to help you secure the financial and operational support your business needs: firstname.lastname@example.org.
Are You Becoming a Workaholic Scaling Your Business? Here Are Tips to Give Yourself a Well-Needed Break
National Workaholic Day on July 5 marked a day of restoration and rest. Some may find the day honorable, being proud of the work they put into their businesses, while others may admit that they’re burned out. But, unfortunately, overworking yourself can lead to not just frustration but severe health issues, too. A study conducted by the World Health Organization (WHO) found that people working 55 or more hours each week expose themselves to a 35% higher risk of a stroke and a 17% higher risk of dying from heart disease, compared to people following the widely accepted standard of working 35 to 40 hours in a week. The study also found that in 2016, more than 745,000 people died from working long hours that resulted in a stroke or heart disease.
To avoid burning yourself out while building your empire, follow these simple and practical tips to maintain balance and productivity as a powerhouse entrepreneur.
Take short (or long) breaks throughout your schedule
Scheduling breaks throughout your workday can make your focus and productivity more effective. Lifehack reports that a break in between working—as short as 30 minutes—increases your productivity by 13%. But don’t crash with a sugary or unhealthy snack—get up from your desk and take a walk outside. Keep your body active to prevent a sluggish mood.
Charlotte Fritz, Ph.D., an associate professor in industrial/organizational (I/O) psychology at Portland State University in Oregon, said that breaks could improve our moods, overall well-being, and performance capacity, noting “Taking regular intervals helps us to be more resilient when stressors arise, and they function as an intervention to help us deal with the daily grind”.
Establish a wellness routine before starting your day
Your routine could consist of waking up a few hours earlier before your first call to practice meditation or sipping a hot cup of coffee while catching up on the news. Setting a morning routine allows you to refocus every morning and prepare for the day ahead.
Go on vacation
It seems like vacations are underrated nowadays, but they have a significant impact on your cognitive focus when you get back to your office. The American Psychological Association’s (APA) 2018 Work and Well-Being survey reported 68% of working Americans reported positive effects of taking vacation time and having a better mood when they return to work. In addition, 66% reported having more energy after a nice vacation, and 57% reported feeling less stressed and more motivated.
However, the report found that the positive effects only lasted a few days, signifying the importance of having a comprehensive approach to caring for your well-being while working.
It’s essential to put your mental health and wellness first and ensure you meet your needs as a human. Making sure to break up your workdays, create routines, and regularly enjoy relaxing vacations will help you become a better focused, more productive, and happier entrepreneur.