Q1. What is the main question start-ups come to us with?

A1. What problem am I trying to solve? Does that problem really exist? Or am I trying to create a problem for which my business concept can solve because I am too emotionally attached to it?

This is consistent across all businesses. The realisation of whether the business concept truly solves an issue that is genuinely evident in the market and sizeable enough to justify an investment in your solution. So many businesses launch without giving this critical factor the time and attention for research and consideration. Passion and emotion can too often get in the way of logic and business practicality. That is why it's so important to seek the professional help of a third part party to adequately assess the need for the business concept you hope to provide. This will not only save you time, resources and undue stress, but will give you the reassurance, confidence and clarity you need to successfully launch your concept.  

Q2. Where do most start-ups hit a road block?

A1. In our experience, it comes down to the team spearheading the start-up and the level of preparation. Either the team is under prepared and lacks the resources, skills or direction to get the project off the ground, or the team is over prepared with too much focus on planning the most perfect concept, that nothing actually gets executed. 

Finding a balance in preparation and execution that is aligned with your appetite for risk, is essential to getting your project off the ground. We work with businesses to find this realisation and balance so that our clients can learn to take actions outside their comfort zone. You have to start somewhere, it doesn't need to be perfect and an MVP will often generate the interest and feedback you need to validate your concept and the correct path forward.

 

Q3. What is the main reason businesses become static and lose momentum?

A3. Assumption is the mother of all **** ups! Businesses become complacent to what is going on around them, and do not listen, to their team, staff, clients, competitors, market. They assume they are still good at what they do, that they remain competitive, visible and in demand. 

Complacency stems from assuming things are still good, causing businesses to become static and repetitive in what they do and how they think. This loss of momentum results in businesses becoming static and regressing instead of progressing. This is where we help business owners to work 'on' the business, rather than just 'in' the business. We act as a catalyst for growth.
 
 

Q4. How can we be a catalyst for growth?

A4. By asking the questions that you have not even thought of. 

You know your business better than anyone, but that also leads to a form of tunnel vision. We work with you to see your business from different perspectives and stakeholders points of view developing a holistic view of your business. From there, it is our role to identify the gaps and plug them to elevate and accelerate business performance.

 

Q5. What is our role?
A
A5. Our role is to be an unbiased observer. An ecosystem for innovation to provide you with the tools, research and analysis to make more informed decisions.

Asking smart questions stems from curiosity, flexibility and innovation. We want you to ask smart questions. Our role is to help you identify the need, desire and ability to change. This is our forte, validating the need for change  best path forward in delivering change, supported with project specific research and analysis.

 

Q6. What can you hope to achieve by working with us?

A6. The skill to ask questions, without fear of the answers you may receive.

Learning what are the important questions that will best enable you to assess your business performance. We help to identify critical markers for performance measurement and equip you to ask the tough questions that push you outside your comfort zone. Change is not limited to changing how things are done, but how things are presented, perceived, and propagated. This may be a new start-up concept or an enhanced business process, but how this change came about, why it is needed and what problems it aims to solve, is what really matters.

 

Q7. What areas of research do we specialise in?
A 
A7. We specialise in carrying out unbiased research to meet project specific goals. It is not limited to an industry or topic, but rather aligned with a business goal. We carry out research and analysis on topics to help businesses answer questions they have about a concept, product, market etc. A new business initiative requires an unbiased external source to validate the business proposition without emotional, sentimental, or financial attachment.  It is our goal to be that source of unbiased review, supported with goal orientated research and analysis to aid business leaders and key decision makers to make SMART choices; Specific, Measurable, Achievable, Realistic and Time-bound.

 

Q8. What exactly is a feasibility study?

A8. A feasibility study is an analysis carried out with the objective of obtaining a holistic view of a business or concept by examining a range of factors deemed critical to the success of the project.

The study will take into account a range of factors relevant to the project to assess the viability and feasibility of bringing the project to fruition. It usually takes place at the initial stage but can prove invaluable at any stage. The objective is to identify the strengths and weaknesses of a proposed project or concept and the likelihood of success.

 

Q9. How can you trust the information we share with you?

A9. All of the information we share with you is supported with the sources and accreditations so you can verify and refer to in future. 

Our role is to be an unbiased observer, and provide you with the tools and information needed to answer the questions that will determine how you move forward.  While our analysis may make reference to considerations, it will not suggest recommended outcomes. Our objective is to empower our clients with the tools to make informed and smart decisions themselves.

 

Q10. How can we add value to your business?

A10. Flexibility is critical to the success of a company and our business strategies are aimed at achieving the highest level of flexibility. We work with SME’s to improve their ability and willingness to adapt and be receptive to new developing technologies which gives them an edge. While tech may not be their core focus, it can play a vital role in enhancing business performance, reach and competitive edge.

Our primary skillset is economics and IT, which equips us to critically analyse how the business strategy can be strengthened with the correct IT strategy and vice versa. Synergy in these core functions produces better output and harmony in business processes.

 

Q11. Why choose Nomad Tech?

A11. We are your toolkit to foster Change; personally, professionally, technologically.

Businesses are typically really good at one thing, but you need to be really good at many things to get your idea off the ground. This is where we can bridge the gap, identify the shortfalls, whether it be market research, technology assessment, we aim to plug the gap and provide the help you need, so you can focus on what you do best. Outsourcing the tasks that are not your strength is often the best solution.

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