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.


  • 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


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.