Frequently Asked Questions 

 

Some questions answered

What happens if the Excelerator team believes my business has potential?

Can I choose the Excelerator Team members?

Will I maintain ownership and control of my business?

How long does the Excelerator program run?

What is my financial obligation and risk?

Can I terminate the Excelerator program?

 

What happens if the Excelerator team believes my business has potential?

After you have submitted your Excelertor Application your business potential will be assessed.

 

Should the Excelerator team believe that your business idea or opportunity has real potential you will be offered a free Business Potential Consultation. The session will review your application, discuss the opportunities for your business and the Excelerator program.

 

If all parties wish to proceed further ou will be offered a Business Success Review which examines in more depth the potential of the business, presents the proposed growth strategies and assistance required.

 

There is a nominal charge for the Business Success Review.

 

Should the parties wish to proceed to the next stage a Financial Analysis will be undertaken.The Financal Analysis is provided by an accountant. The analysis models the soundness of the proposed business idea or opportunity, the businesses financial status, the key drivers of the business and the likely financial return to all parties from undertaking an Excelerator program.

 

There is a nominal charge for the Financial Analysis.

 

Should your business idea or opportunity have financial potential you will be requested to undertake a confidential on-line Personality Style Profile. This report will indicate your suitability to undertake an Excelerator program. It will examine your willingness to consider and adopt new ideas and and to work collaboratively with the Excelerator team mambers. It will also assist to identify any strengths and weaknesses that should be addressed. There is a nominal fee for this report.

 

If the project, business owner and an Excelerator progam is viable a draft copy of an Excelerator Agreement which provides the proposed terms and conditions of the Excelerator program will be provided. 

 

A detailed Scope of Works will then be documented and provided which details the nature and costs of the Excelerator program.

 

An Excelerator Agreement will also be provided for negotiation and agreement.

 

There is no charge for the Scope of Works and Excelerator Agreement.

 

Upon signing of the Excelerator Agreement the program will commence.

 

Can I choose the Excelerator Team members?

Excelerator delivers all the critical ingredients needed for business success. Typically an Excelerator team comprises a brilliant Business Strategist, a Financial whiz, a generous Equity Partner, a Management mastermind, an IT and Web genius and of course the mandatory Marketing guru.

 

Each business is different so the Excelerator team for each business is selected to suit the needs of the business.

 

The business owner can use their own existing advisors and/or will select from a variety of recommended service providers. The business owner approves the appointment of all Excelerator team members and their extent of the services to be provided under the Excelerator program. 

 

 

Will I maintain ownership and control of my business?

Excelerator is not a loan and no security or equity is required. Excelerator is a satisfaction guaranteed, no risk program funded by sharing the financial rewards from success achieved on an agreed 'win-win’ basis. The Excelerator team members offer their services to selected businesses for a nominal amortised, back weighted monthly fee that increases when revenues increase and for a Success Fee based on a percentage of all applicable business revenues at the rates and above the targets as agreed.

 

The Excelerator team members provide consultative advice and assistance and attend regular Business Development Meetings.

 

The Excelerator team members are strictly only management advisors and are not Directors or share holders in the business. All decisions are made by the owners of the business.

 

How long does the Excelerator program run?

The length of an Excelerator program will depend on the task required and the brief as agrred and documented in the Scope of Works. Usually the Excelerator program is provided over a three year period. The program may be extended as mutually agreed.

 
What is my financial obligation and risk?

Excelerator is a low risk, satisfaction guaranteed, business growth program which is funded by sharing the financial rewards from success on a mutually agreed 'win-win’ basis. Excelerator fees are amortised and back weighted to increase as revenues increase.

 

If agreed revenue targets are not achieved than the Monthly Excelerator Fees may be reduced or after sustained failure the Excelerator program may be terminated

 

If the Excelerator program is terminated payments shall only be due as agreed up to the time of termination.

 

Reviews of the Excelerator program are held after 1, 3 months and annually. During the reviews the program may be varied as agreed.

 

Can I terminate the Excelerator program?

The Excelerator program may be suspended or terminated under various conditions as specified in the Excelerator Agreement such as non performanceof documened deliverables, non achievement of agreed revenue targets or non compliance with the Excelerator Agreement.

 

Upon termination the monthly Excelerator fees shall be paid to the date of termination.  

 

 

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