Research background

The origins of the TriStart Analysis stem from academic research which commenced in 1993 into the analysis of characteristics and dynamics displayed in entrepreneurial teams.

It became apparent that team orientated businesses had a greater chance of success than that of a single individual and when you speak to Venture Capitalists, Business Angels and other Capital investors this is still evident today, as a key factor in their decision making process is centred on the “quality of the team” though much of their selection process is still anecdotal and based on instinct.  Of course whoever is responsible for leading the team is vitally important factor.
Research into entrepreneurial teams was then developed to theorise on the factors that led to a better understanding of the levels of success in early stage businesses.

These theories were initially developed during doctoral research based on management teams of companies such as Nokia, GlaxoSmithKline, Bosch, Hewlett Packard, British Telecom, Apple, Reuters, Juniper Networks and others. Gradually the study evolved to further validate the theories with a rigorous empirical study of businesses and their development over a six year period with the main purpose being to turn the academic driven research and survey results into a web based statistically robust test questionnaire.

The original work was started by Dr Shailendra Vyakarnam, Director of the Centre for Entrepreneurial Learning, Judge Business School, University of Cambridge with the results analysed by Dr David Dawkins, Fellow of the Royal Statistical Society, using a number of statistical methods including; factor analysis, logistic regression and interaction to produce the model, and his calculations were then validated by an auditor at the Royal Statistical Society.

It is the combination of this team of academic inquiry and pragmatic and robust statistical application that has led to the ground breaking algorithm that is able to measure human and entrepreneurial capital.

Business Support Agencies

Setting up and running a business is an exciting and challenging prospect though it can also be daunting; however for those that choose to do so there is a wealth of valuable information, assistance and advice given by government funded Business Support Agencies.

A significant element of their value is in the early stage interventions with individuals who wish to start their own business.  Though each Agency has its own personalised strategies what has become universally apparent is that these initial contact points are a combination of an assessment of the business proposition and the entrepreneurs’ ability to prepare and deliver their business idea.

Our platform is designed to be eminently flexible and, if required, enables us to work together to develop a tailored solution by adding any supplementary questions you may wish to ask in conjunction with the core analysis questions therefore ensuring a perfect fit with your intervention and assistance strategies as well as enhancing your service offering in a way that works for you and your clients.

A widely coined business phrase states that “if you can’t measure it, you can’t manage it” so our unique TRI algorithm delivers an overall Grade Score Indicator (GSI), highlighting areas of strength and weakness, though uniquely this is based on a research based weighting program that is build into the algorithm.  As well as enabling you to immediately determine your clients’ level of start up readiness it gives direction as to which areas, when acted on, will create the greatest impact in assisting them towards future success, therefore taking a more scientific rather than arbitrary approach to your intervention strategies so as to result in more impactful actions as well as potentially significant reductions in intervention costs.

Our continuous longitudinal survey program then has the ability to measure any pre determined KPI metrics over a given timescale,  giving you critical impact analysis data, accurately measuring the impact of your interventions therefore enabling you to adjust them going forward if necessary.

 

education sector

The TriStart Analysis is currently being used by the Judge Business School at Cambridge University as part of their world wide Ignite Entrepreneurial Development Program to grade and globally access real life innovative venture propositions.