Did you know that more than 10,000 businesses launch in the United States every day?
Yes, that’s a real statistic. According to the US Census, more than 4.4 million new businesses were created in the U.S. in 2020. It was the busiest year on record until in 2021 when nearly 5.4 million applications were filed, the most in any given calendar year so far. When COVID-19 forced furloughs, layoffs, and business closures, people responded by starting small businesses in droves. Economists speculate when times get tough, people get entrepreneurial.
Entrepreneurs constitute the largest driver of innovation growth in the world. It gives people opportunities to bypass barriers in their careers, and take ownership of their lives, their successes, and their failures too when conventional career paths don’t offer the same freedom and control. While working for yourself is one of the most rewarding things you will ever do, there are a lot of unknown risks and hard work that need to happen before you can turn your good idea into a career.
Starting a business or having a startup isn’t for everyone and when you don’t quite know where to begin, it’s easy to let even a solid business idea become a “someday when I have the time” pipe dream. That’s why it’s important to understand the requirements of building a fast-growing business and what metrics need to be met from day one. Including business structure (LLC vs Corporation), legal referrals, company valuation, and more. The sooner you know, the faster you can adapt and make critical decisions.
Peachscore provides an in-depth self-assessment to early-stage startups that can quickly analyze a startup and generate a “Peachscore” that instantly identifies its strengths and weaknesses. The equivalent of a “FICO” Score or Moody’s credit rating, entrepreneurs can evaluate their business model or market fit at the idea stage, giving them an opportunity to think ahead of time. Saving them time, money, and lots of effort. It also helps to know if you are in the right place or not. While raising funds is also an important part of it that Peachscore makes possible. The platform is built to provide critical feedback to the user and potential investors who can help these early-stage companies grow faster. Additionally match startup companies with investors, speeding up the capital sourcing process and creating an accessible environment where startups can easily interact with investors to receive funding.
Peachscore represents a paradigm shift in effectively breaking down the gate-keeping mentality that has plagued the industry for years. Built to support investors, entrepreneurs, and corporations, effectively interacting with each other in minutes instead of months. The platform adopts an ‘assist and assess’ model for early-stage companies, where investors have the ability to onboard startups no matter what stage the company is in. This expedites risk assessment via automation, saving all stakeholders time and money before making a low-risk decision on any sort of engagement. This empowers startup founders and entrepreneurs to help better understand what needs to be done to attract potential investment capital and use the Peachscore to gain valuable insights to plan, launch, manage & grow early-stage businesses at scale.
To learn more about what we are trying to accomplish at Peachscore click here.