Tag: adam ridgway

  • How to choose the right branding agency

    How to choose the right branding agency

    Choosing the right design agency is crucial. You don’t want to be hopping from one to another, disappointed, frustrated and with a depleted budget. This article offers advice on how to choose the right branding agency for you.

    In my previous life I heard far too often comments like “we invested in a brand a year or so ago, and we need to do it again, but we’ve spent all our budget“. When I say we heard that a lot – it was a modest claim – it was every month… for years.

    The comfort is; you didn’t know better, nor should you have done. You met a superb sales guy that over promised and under delivered. That’s all, however, you’ve learned a lesson.

    Don’t see building a brand as a cost, but an investment – think about what you have sacrificed to get here, and that doing it right this time will hold you in good stead for the years to come.

    To get the most out your branding agency – whether it’s for a brand refresh or new creation – research them, do your due diligence. Don’t just look at a portfolio and be wowed by the design, understand who you are going to trust with your investment.

    Following my four step guide to building global brands, you’ll see your future differently.

    My Top Three Tips:

    1. Build rapport

    Take off the business owner’s hat for a moment and think of yourself as a customer (which you are). As a customer you buy from people you like, so build a rapport with them, respect their time and ensure they do yours. Once you grow to like them, through experience, knowledge and above all else, wisdom in branding – then make your decision with confidence.

    To help this flow, one thing a lot of customers request are designs, ideas, suggestions at no charge. In order to win the customer’s business, agencies are asked to give a lot without charging. This should be considered: “If an agency is prepared to give you a lot before you commit, they probably aren’t the right agency for you. They will probably make up for this time in the final invoice, which will cost you more.

    Our advice: once you’ve solidified a brief – managing expectations and deliverables – then commit. You have already built rapport and confidence.

    2. Experience and Passion

    Consider this; you can choose a large agency, with large overheads who will produce great work, yet the investment may well be out of budget.

    You could choose a small design studio who will do anything you ask as they are hungry for work, it’ll fit on budget but not on quality or expectations.

    Or consider freelancers. Those great designers, have little security and therefore often, take on too many jobs to secure that month’s income, miss deadlines and affect your business development.

    Lastly, choose a smaller agency who have the big agency experience and client portfolio, who have successes in business themselves, absolute passion for what they do, so can support you in your business.

    If they have passion for your business, it’ll show, plus, the more support you have in business the better, right?!

    3. What else can they offer?

    When answering, “how to choose the right branding agency?” consider a few points:

    • Do you just want the design? 
    • Do you need additional support? 
    • Do they have a network who can help? Do they offer other services that might benefit our business?

    Once these are answered, it’ll also help you select the right agency for you.

    You may find you’ll choose an agency that specialise in branding and design, however, they will also support you with their network of digital experts, signage manufacturers, social media support, content development, marketing strategies and others.

    If you are ready to discuss your business with a branding consultant who truly cares, and discuss the small print of life over a coffee, then contact me and build the right for your customers.

    Thank you for reading.

    A.

  • Questions to ask investors

    Questions to ask investors

    Can I ask investors questions?

    Absolutely you should. This is a fact finding, value aligning exercise, to ensure there is a right fit for both parties and be prepared to walk away if it doesn’t stack up, feel right and their values are aligned with yours.

    Saying this, you must consider the fact that they will know financials better than you, they won’t know your business, sector or company as well as you – as you live, breathe, sleep it – use their wisdom to help you level up.

    In 2020, I had my first conversation with a VC, in Dubai. Crikey I was unprepared, the acronyms, the information they expected left me feeling like I wasn’t ready, yet I knew I was, the company was ready – my issue? The narrative. I didn’t portray the focus of the company in a way they would understand, I certainly didn’t speak the same language, in fact, I left that first meeting with a question “what did I learn, and what do I need to?” I could have skulked away from that encounter deflated or add them to a database of investors I admired, and keep them in a regular newsletter towards our progress.

    I didn’t communicate very well in the early days, I thought, if I understand the vision, then anyone can. Give yourself more credit, they don’t, wont, and not need to. If you consider every VC is poised to say no, then you won’t be disappointed, my advice is to do your research on the investors you’re planning to meet, discover their portfolio, why they invested in them particularly, why not their competitors? If their portfolio if investments, has synergy, add them to a short list. If they don’t have an active fund, then don’t invest your time.

    Be very specific in who you want to connect with and why. Don’t try to sell them the business idea. Present the benefits and show them why they should believe in you, your team and your vision. Personality and relationship building is crucial in the investment world. It will come down to numbers eventually and aligned with the exit strategy for the fund, however, with the right questioning and research you’ll understand what their fund mandate is and align yourself with that… or not.

    questions text on a pink surface
    Use your time to ask questions, it helps you stand out from others. Remember you’re not sat in front of an investor asking for money… you are offering them a great opportunity!

    Don’t send everything you’ve got as an investment deck, stagger it. Here’s how I structure my communication with investors:

    1. Send a one page summary outlining your roadmap and successes.
    2. Investment teaser 6-8 pages of topline facts and numbers.
    3. Create an Investment Memorandum (IM)

    The more meetings you have face-to-face the better (it build relationships), don’t email everything, they can easily get forgotten, misinterpreted, not followed up (which leaves you chasing). Remember, “Investing in your business isn’t as important to them as it is you”.

    No investor really wants to say “No” they never want to be the one to claim, they walked away from the early investment opportunity in Uber, AirBnb, Tesla. 

    I took my own advice, levelled up, remained in contact with the VC I met with back in 2020, and that VC has now become a close friend, ally and mentor.

    Here are my top 10 questions to ask investors:

    1. How do you understand my marketplace?
    2. How do you see my company fitting in to your existing portfolio?
    3. What excited you about my business? What concerns do you have?
    4. What do you like about the company, and what don’t you love?
    5. What weaknesses do you see in my business?
    6. What milestones do we need to accomplish (after this) to get to the next round?
    7. How do you personally like to work with founders?
    8. What has been your greatest investment and why?
    9. How do you help CEOs in your portfolio help each other?
    10. What are the next steps, what is your appetite to invest in me?

    FUNDRAISING QUESTIONS

    You may get asked: “Are your existing investors participating in this round?

    • Our existing investors of course want to participate in this round. They will likely want to do their pro rata investments  –  some might even want slightly more.
    • I know that new firms have ownership targets. I feel confident I can meet these. If it becomes sensitive between a new investor’s needs and previous investor’s –  I’m obviously not going to tell my investors they can’t participate, but I feel confident I can work with them to keep the sizes of their cheques reasonable.

    What a VC hears when you say this:

    • My existing investors are supportive. I will eventually call them anyway to confirm but I can continue my investment assuming they are supportive.
    • In the future if we raise a larger round, this entrepreneur won’t try to screw me by forcing me not to take my pro rata rights because they weren’t throwing existing investors under the bus with me.
    • This entrepreneur is sophisticated enough to know that fundraising is a dance in which I need to meet the needs of both new investors and of previous investors. They will work with me so I can get close to my ownership targets.

    Any thoughts on the above? If you use some of these tips and would like to share please feel welcomed to do so.

    Thank you for reading.


    A.

  • They say content is king, so let it reign

    They say content is king, so let it reign

    For six years in Dubai, I specialised in producing content for the hospitality, travel, lifestyle and F&B sectors. In 2019 alone we produced nearly 1,800 videos, showcasing the best of hotels, places of interest, outlets, destinations and experiences the UAE, Hong Kong, Australia and South Africa had to offer.

    It is proclaimed audiences do not want to be sold to these days, and whilst I agree, there is always an element of promotion for gain. We love what we do, and our testimonials speak for ourselves, if you would like to discuss how we can tell your story and generate you an ROI through content and promotion, please do book a meeting with me.

    “Don’t spend without investing”

    Strong content is key to powerful messaging

    It’s all very well having a library of content, but unless (thanks to the algorithms) you have budget, or a tremendously engaged audience, your content won’t get seen.

    Consider collaborating in the videos with likeminded, synergetic brands to share each other’s audiences, divide the costs (potentially), and add breadth to your reach – but note the script of your video will need to be equally weighted (if splitting the production spend), so co-write your script to ensure all brand collaborators benefit.

    I’m happy to support you with your next campaign, get in touch.

    Thank you for reading.

    A.

  • Consider these 10 slides to include in your pitch deck

    Consider these 10 slides to include in your pitch deck

    When building a pitch deck you need to ensure you are delivering your business, your values, brand and of course the detail.

    You’ll find yourselves having multiple versions of your pitch deck, the three decks I keep in my data room are:

    • One page summary
    • Pitch Deck (10-12 slides)
    • Detailed pitch deck (40-50 slides)

    You will also (unfortunately) be told by each investor for an iteration, yet, this is very subjective and can lead you onto a path of investing time where it may not avail tremendous return, so include a structured document as an addendum, with FAQs testimonials, exit strategy and other requests.

    If you deliver your story well, and can demonstrate you have the best team to deliver you business to the market, this definitive list will help you structure a pitch deck, which, along with your narrative will explain everything they’ll need to buy into you.

    Please note, I don’t recommend sending your pitch deck when asked for it – that’s what the one pager is for. Both parties (if interested) should offer each other their time to learn more.

    The title slide

    The title slide is critical because it sets the tone for your entire presentation and provides the first impression of your business. The “title” slide is an obvious but impactful template to use for this one because it is clean, looks professional, and allows you to include essential information like your company’s name and contact information. 

    Example Title Slide – big visuals
    The problem/opportunity slide

    Every business should solve a problem or improve customers’ lives in some way. Use this slide to clearly state the problem and how your business works to fix it. You can provide statistics with Beautiful.ai’s data slide or employ the numbered list or bulleted list slide to highlight all the issues that your business exists to fix. You could also use the image slide to tell the story of how your business came to be in a visually dynamic way.

    There may be a problem your investors weren’t aware of – Get it across!

     

    The value proposition 

    It is a no-brainer that you should discuss the value of your business, but common startup pitch decks overlook it! Don’t skip it. Ask yourself: What customer pain points do you fix? How do you serve your customers? What makes your business different? Use this slide to tell investors exactly why they should invest. The simplicity of our headline slide gives you the freedom to clearly state your value proposition, without crowding the slide with too much information. Want to make it visual? Add an impactful image or chart to the slide.

    Ensure you present your value proposition clearly
    The underlying magic / Secret Sauce

    The investors know your unique value proposition by now, but what’s the real special sauce? What can only your team bring to life? To really score here, avoid over-relying on text. Instead, use this opportunity to show what you can do. An optional video slide taking the audience through your process works well here, as does a flowchart slide or a prototype, mockup, or demo.

    Offer visuals of your product or service
    Business model 

    So, what is your plan? Any investor will want to know. Use a data slide, funnel slide, target slide, or hub and spoke slide to show your audience the different stages of your plan in a visually appealing way. You can also use a table slide or waterfall chart slide to demonstrate projected results and value over time.

    Use this example to demonstrate you know your business
    Go-to market plan

    It is essential to tell investors how you plan to attract new customers, as well as compete in your space. How will you launch your product or offering and start selling it? This shows your investors you know how to make this thing work, so use the right slide to showcase it. You can use the hub and spoke slide or process diagram slide to demonstrate the different elements of your strategy.

    A strategy depends on focus – there are many routes, but demonstrate one you are focused on now – it will evolve!
    Competitive analysis 

    Let your audience know that you get what the competition is doing. Use an XY plot, line chart or area chart slide to identify your performance patterns compared to those of your competitors. This is also a great opportunity to demonstrate your achievements by highlighting companies that have had the pleasure of working with you using a logo grid slide. Don’t be afraid of comparing your self to others!

    Be respectful to your competition, be thorough with your analysis, underestimating competition will be torn apart by investors, it’ll also show you’ve done your research and the value of the market
    Management team 

    Potential investors want to know about the key players on your team. Use the team slide or about us slide to help them understand your biggest asset: your people.

    Your business will change (pivot) considerably from your initial plans, yet your team will (or should) evolve with you. So ensure you demonstrate you have the best, committed team to deliver on your objectives.
    Financial projections and key metrics 

    Be upfront: What would potential investors be getting into if they invested? Hone in on a three-year, bottom-up focused forecast. Use the data comparison slide or area chart slide to demonstrate and discuss your projected growth over the years.

    A top line summary will indicate you’ve done your research. A detailed set of financials should be available in your dataroom
    Current status, accomplishments, timeline, and use of funds 

    The future is important, but so is the present. Use this slide to address your current business situation, what the immediate future holds, and your plans for any capital raised right now. The timeline or process slides can help you effectively communicate exciting next steps for your business. This is also a slide where you need to really think about how to condense information into what’s most important.

    Keep it clean, demonstrate your focus and be proud of your achievements. If you’ve raised before, showcase what you’ve achieved with the capital

    Your investors will be at the tail-end of their 20-minute presentation, and you want to make sure you go out with a bang.

    These images are for reference of layout, I’d advise to use a branding expert to ensure consistency (it’s one of the best investments you’ll make), do you align with or below your peers?

    I’ve built hundreds of pitch decks over the years, if you’re struggling and need an expert, reach out. What I can do in a few days may take others weeks.

    Let me help. Get in touch

  • Who is Adam?

    A question we’ve all been asking ourselves over the years. I’m Adam Ridgway, a multi-award-winning entrepreneur with a varied background. From building a successful events company whilst at school, to a Media group and currently an EV scale-up. With nine personal ventures and seven external investments under my belt, I have garnered wisdom and experience throughout my career. Now it’s for me to give back.

    During my journey I’ve raised and secured finance in excess of $190million as well as successfully exiting four companies (acquisition).

    In addition to my own ventures, I offer advice to other startups so they don’t make costly mistakes. It all started back in high school when I noticed that some students didn’t want to do their homework while others were more than happy to help out for a fee. Ever since then, I’ve been passionate about building deals and relationships – companies built on trust and experiences – not just technology. So if you’re looking for someone who might just be able to help you in your business decision making, get in touch.

    A speaker emphasizes the importance of fostering an environment where everyone feels included and valued, with a focus on engagement and belonging.

    As a sustainabilist, a father, speaker and entrepreneur driven by purpose. My journey started in Europe where I was in the media industry for 10 years. After that, I moved to the UAE where I managed a portfolio of start-up companies and built five companies over 17 years.

    I’m currently the founder and CEO of ONE MOTO – an award-winning EV ecosystem focused on changing the way we move. I specialise in sustainable product development, tech-driven vehicles and delivering future mobility solutions to everyday commuters and logistics sector.

    I’m also a speaker on Future and Smart Mobility, as well as a mentor for aspiring dreamers, doers and innovators looking to make their mark in the world. My aim is to inspire others to bring change, take calculated risks and make inexpensive mistakes.

    I believe stories have the power to bring people together and create real change. My goal is to find ways to use stories to share powerful messages that can inspire others and motivate them to take action. That’s why I’m passionate about creating purpose-driven ideas that make a lasting impact.

    As you’re here, you must be in a position to want some questions answered?! Well, I’m glad. I’ve created the One Founder To Another platform as a way of giving back to the start up and business community and there’s a wealth of wisdom in my blogs. It isn’t always easy, and surrounding yourself with great people, helps a great deal!