FAQ's
What happens if the Excelerator team believes that my business idea or opportunity 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 that my business idea or opportunity has potential?
Should the Excelerator team believe that your business idea or opportunity has potential then you will be provided a draft copy of an Excelerator Agreement which provides details of the proposed terms and conditions of the Excelerator program.
If you are in general agreement with the Excelerator Agreement you will then be asked to undertake an Optimiser™ Financial Analysis. The analysis which is provided by an accountant will financially model the soundness of your proposed business idea or opportunity, the financial status and drivers of your business and the likely financial return to all parties from undertaking an Excelerator program.
There is no charge for the provision of the Optimiser financial analysis.
Should your business idea or opportunity have financial potential you will be requested to undertake a confidential on-line Personality 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.
A detailed Scope of Works will then be provided that details the nature and costs of the Excelerator program. The Excelerator Agreement will be provided, negotiated and agreed.
There is no charge for the Scope of Works and Excelerator Agreement.
No Excelerator program costs will be incurred or works commenced until the Excelerator Agreement is signed.
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 Excelerator program may be terminated and only the nominal inial monthly Excelerator fee shall be paid. If the Excelerator program is terminated payments shall only be due as agreed up to the time of termination.
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 performance, non achievement or non compliance.
Upon termination the monthly Excelerator fees shall be paid to the date of termination. Terminated Excelerator team member/s shall be due any Success Fees or commissions which were due at the time of termination.