Entries Tagged 'Financial Management' ↓

As we emphasize throughout our website, reputation is the most valuable asset of any person or organization. It must be preserved and built with great care.

If you want to build reputation for your business, you will have to start with building your own self esteem and being true to yourself. Think and write down the principles and values by which you want to lead your life. Do not try to live by other people’s principles. In the long term, honesty towards yourself, your family, work, customers, employees, suppliers will pay off more than anything else.

So be honest and your self esteem will grow and would start impacting everything in a positive manner. Once you have got control over yourself, you can now start looking at ways to build your business reputation.

Here are some of the proven tips for building reputation:

1. Be brutally honest even if it costs you money. Admit your mistakes when you do wrong things. Trust can not exist without honesty and transparency.
2. Do not make promises that you can not keep; learn to say no if you think you would not be able to keep a promise. Keep your promise to deliver on time and if you can not deliver communicate it asap.
3. Do not try to be the cheapest at the cost of service. It would cost you more.
4. Pay suppliers, creditors on time as per the negotiated terms, if you can not renegotiate the terms.
5. Look after your staff well, they would reciprocate in the same manner with other business stakeholders.
6. Communicate with authority, even if you communicate less.
7. Let others speak about your virtues; let customers tell how good you are to other prospects; Let investors tell other investors.

Building reputation takes years to build but it can get crushed in a moment. It is your reputation that goes hand in hand with your business’ reputation so your actions are impacting your business’ reputation. So keep proper communication with any one and inform them if there are chances of default.

Try to have people, in your network/work area/ as friends, who have good reputation. This would automatically enhance your reputation. When you have people good reputation , businesses would start approaching you for business.

Whatever you earn in the end would make you happy as all through your life/career you have lived upto the principles and values that you had chosen for yourself.

• Forma Therapeutics  has revealed that it has done a deal with Novartis, agreeing to use its chemistry platform to develop inhibitors for an undisclosed protein-protein interaction target in oncology.
• The license and option pact is worth up to $200 million in upfront fees and milestones.
• Forma only recently dropped its stealth approach to announce that it had raised $25 million to pursue new compounds that could target pathways disclosed by the Cancer Genome Atlas Project.
• Its three founding scientists have played a key role in the field at the Broad Institute.
• Reinhard Ambros, head of the Novartis Venture Funds (NVF) says: “Protein-protein interactions represent important target opportunities in the field of oncology drug discovery, but have been highly elusive to date. Novartis is very excited to be collaborating with Forma to access their biology and chemistry expertise and powerful discovery tools to unlock this challenging target class.”

This press release has more details. 

Deal Analysis:

1. The very high P/E of most biotech deals makes it difficult for a non-pharma investor to even give it a serious consideration. So in that sense, the investor pool is limited.
2. Forma Therapeutics has done a great job in securing the deal and the associated funding. As rhe capital markets dry-up, there won’t be many takers for biotech investments. And in that sense, this $25-$200 million is probably worth 5x the amount in bullish times.
3. Lets hope Forma Therapeutics uses the funding wisely and R&D that can be resold  for rapid revenue generation. Investors will not wait for 4-5 years to see results. Getting the funding is the first step… delivering on it is a bigger step. Tangible results are needed in 12-18 months. Lets see how it goes.