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NEW TO GROWTHWIRE? Growthwire is an investment and corporate venturing intelligence service meeting the unique needs of growth and alternative fund managers, CEOs and other business leaders. |
| Headline |
15% pa on short term £10,000 - £40,000 |
| Investment Stage |
Early-Stage
Mezzanine |
| Sectors |
Business Services & Products - Business Systems
Business Services & Products - Software
IT/Internet - Business Systems
IT/Internet - On-Line Business |
| Deal Value |
50,000 |
| Currency |
UK - GB£ |
| Country/Region |
UK/Western Europe UK East Midlands |
| Summary |
This Time Next Year (TTNY) is a really useful internet based sales forecasting tool that allows individuals and managers to accurately forecast, monitor and analyse sales and income data by project, client, salesperson or company.
Low cost encourages take up and the inertia selling model ensures a high degree of retention and increasing income stream.
The founder of TTNY is an experienced businesswoman and has invested heavily to develop this sophisticated programme.
The TTNY system is very simple to operate to ensure that it has the widest possible application.
The business has low overheads and will be self-sufficient after a small profit in year one, with turnover, profit and the balance sheet growing rapidly thereafter. Significant income can be generated from a very low market penetration of just 0.01% and 50% sensitivity in the first three years, based on an average subscription of just £31 per month.
TTNY operates from modern purpose built offices in Northampton and on line sales will be generated by marketing, networking and telesales activity. Affinity group sales via banks, accountants and other appropriate conduits should also make a significant contribution.
In excess of £30,000 has been invested to date by the founder in developing the service and £40,000 loan is required to fund the cost of initial launch and creation of more sophisticated reporting. NED and/or equity involvement for discussion.
Term: 12-24 months
Interest: 15% p.a.
Minimum tranche: £10,000
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