Demonstrate (Countdown)

Before you hit the market in full force, it’s necessary to demonstrate that both your product and business plan will work in the manner in which you intended.

Activities

  • Product and Technology Development
  • Website Development
  • Customer Development
  • Hire Key Personnel
  • Assemble a Board of Directors
  • Explore Follow-on Funding
  • Venture Capitalist Introductions
  • Refine Marketing Plan
  • Establish Consulting Agreements
  • Implement Business Systems
  • Complete Investor Presentations
  • Validate Business Plan
  • Finalize Prototype and Samples
  • Determine Valuation (IRS 409A)
  • Devise Five Year Operations and Capital Expenditure Budget
  • Develop Growth Plan
  • Create a Working Prototype
  • Assemble a Management Team
demonstrate

Funding

Your idea becomes much more lucrative as an investment opportunity when you have a strong business plan and a working prototype. Funding at this stage includes the owner, friends, family, incubators and accelerators, research grants, angel investors, and venture development organizations / seed funding.

Click HERE to search for funding options available at this stage.

View or print out the full version of the entrepreneurial activity checklist HERE.