To place the advantage, you have to tweak any project, lead from day one after which locate potential investors that grant funds inside your field.
Create a Strategic Business Plan
First, define the character of the project.
1. Be ambitious but realistic:This delicate balance is paramount for your success. Set your strategic business plan over three years without laying concerning the figures. In case your projections are negative, evaluate the background of the project instead of inflating the revenue.
2. A suggestion:Don’t hesitate to split by 2 the figures of the assumptions. In case your project continues to be lucrative, it is quite encouraging. Otherwise, rework in your assumptions.
3. Remember no data:Creation costs, attorney charges, supplies… From experience, the expense are frequently minus and sources are frequently elevated. Be cautious and find the correct balance. An accountant will help you establish your strategic business plan. Chamber of Commerce or even the Chamber of Trade will also help you or provide training.
4. Have time:it is an essential step of the process.
Present Any Project
A document type presentation in Microsoft PowerPoint frequently has more impact than the usual written document in short processor. Within this 10 page document you identify:
1. The issue / need you’ve identified (consumer demand)
2. Your solution: The solution identified above (beginning a company service, open a series of pizza…).
3. Your company model: how the organization can make money?
4. Your difference is exactly what determines your foreseeable success (technology, know-how, original…).
5. Sales and marketing: How to be known and can generate sales?
6. Your competitors (Who’s it? his response to your offer…).
7. Your team: Have you got the very best team to handle the work?
8. Your prospects of sales (here you insert the strategic business plan done).
9. Your present situation (pending funds, funds found, patent pending, prototype produced, pending administrative approval…)
10. A listing of any project and then steps.
Ideally, you need to devote a webpage idea. Each page is logically sequenced.
Train you to ultimately summarize any project inside a couple of sentences. An explosive introduction arouses interest easier than the usual tiresome presentation. The simple and efficient allowing your audience to know and share your objectives.
A fascinating being active is the lift (Elevator Pitch): Imagine you’re in a lift beside a trader and also you both visit the 26th floor. You’ve one minute to inform him/her regarding your project and secondarily to convince him. Practice this exercise very structured. Highlight the innovative points of the project. Attempt to differentiate yourself by highlighting your specific challenge for investors.