# FAQs

###### What does WeGrow. do?

We help entrepreneurs get ready to ingress the market. This usually consists of some or all of the following services:

- Business plan development
- Financial forecast development
- Pitch deck (Investor Presentation) preparation
- Strategy and Management development
- Idea Validation
- Financial analysis
- Setting up Business in solution
- Regulatory Compliances
- Web/App Development Services
- Digital Marketing

###### What Industry do you serve or specialize in?

We believe that the value we bring to the table is not industry expertise — which you already possess in abundance — but rather an understanding of what investors like to see in a potential opportunity. We take pride in our ability to learn the fundamentals of virtually any industry or technology quickly. Some of the markets we have served include Renewable Energy, Manufacturing, Internet/e-commerce, consumer products and media and entertainment.

###### Is Business Plan being Mandatory?

If you run a business, then it’s probably safe to say yes. In fact, you may require more than one business plan: one for raising capital and one for running your business. The former needs to be an attractive document that sells; the latter can be a collection of spreadsheets, lists, research summaries, and other documents stuffed in a binder that you refer to and update on a regular basis.

###### How does process work?

Every situation is unique. However, some fairly common steps include the following:

- Initial discussion to understand your basic needs.
- Review your existing materials (draft business plans, financials, market research, competitor research, etc.).
- Follow-up discussion to clarify details and agree upon the scope and fees for the project.
- Several in-depth discussions to better understand the details, develop strategies, and agree on all major elements of the business plan and financial model.
- Conduct additional research, as needed.
- Draft an Investor Presentation and review it with you to ensure that all parties agree on the high-level vision.
- Draft the Executive Summary and review it with you to ensure that we all agree on the next level of detail.
- Prepare a draft outline of the business plan for your review.
- Begin filling in the details on the draft. Obtain and incorporate your feedback.
- Incorporate your revenue and expense models into the financial model, and explain how it works so that you can take “ownership” of the financials.
- Finalize all deliverables.
- Coach you on the best way to deliver the investor presentation and on how to address questions.
- Provide ongoing support, including making minor updates to the deliverables at no additional charge.

Depending on how we structure the project, you should expect to spend anywhere from 10-30 days on the process over the course of a typical engagement.

###### How Idea Validation Services Works?

We have paid panel respondents who respond to pre-set of questions on following areas:

- Relevancy of Problem
- Usefulness of Solution
- Uniqueness of Idea
- Virality of Idea
- Willingness to buy
- Feedback

We usually receive 40-60 responses, based on these responses, we score each of above out of 5 and compare them with the average scores of previous ideas.

###### Who all are the respondents to idea validation questions?

We have panel of students, freshers and experience professionals who have been hand picked to be part of our panel.

We connect with them through phone calls, emails and personal meeting to seek responses and opinion on subject idea.

###### What services included in “Setting up business in solution”?

Setting up business involve following steps and activities:

- Selection of Suitable Business Entity for your idea (i.e Proprietorship, Partnership, LLP, pvt Ltd, OPC, PUB LTD etc.)
- Incorporation of Business
- Obtaining Industry specific Licenses and registration
- Obtaining Revenue Law and Labor Law registration
- Opening of Bank Account

In come case, mostly where there is an investment from outside solution, there may additional approval required from regulator like RBI, SEBI etc.

###### How do you price your services?

In general, we charge a pre-determined fixed fee. The fee is determined by:

- The scope of the project, in terms of the tasks and documents you require help with.
- The sophistication and specific needs of your target audience.
- The quality of your existing materials, including early drafts of business plans, financial forecasts, market research, competitive research, etc. For instance, if you have a recent, comprehensive research report from a major market research firm like Forrester, our effort can be significantly reduced.
- The clarity of your vision for your business model, marketing and distribution strategy, financial plans, etc.
- Your availability and willingness to participate in the preparation of the business plan, financial model, and investor presentation.
- The complexity of your industry and business model.
- The availability of industry information.
- The desired timing relative to our workload. In general, “rush” jobs will carry a substantial premium over projects that can be completed as our schedule permits.

###### What happen after you’ve delivered the final documents?

We remain available, at no extra charge, to answer follow-up questions, provide advice, and to make minor changes to the documents we produced for you.