Our Process to Successful Mentoring
When working with new businesses, our process is to start with Ideation and work through the whole process to create a plan for the business and then launch the business.
For existing businesses, we first assess the current status of the business and determine which process steps are going to be needed in order to move the business forward and then proceed from there.
IDEATION
Determining the viability of your business idea.
- Establishing a compelling need
- Defining a solution that fulfills the need
- Projecting who will want it
- Determining financial sustainability
CONCEPTUALIZATION
Identifying, evaluating and bringing into focus your market opportunities
- Knowing everything about your market
- Gaining understanding of the buyer
- Assessing competitive advantages
- Outlining marketing and sales strategy
CREATION
Proving your business concept with customers
- Establishing a plan for proof of concept
- Conducting market survey and prototyping
- Creating a development plan
- Determining a financing strategy
EVALUATION
Creating a well thought-out business strategy and plan
- Developing an effective business model
- Establishing an effective marketing and sales plan
- Creating a supply chain plan
- Forecasting financial sustainability
PREPARATION
Preparing to enter the market
- Establishing an appropriate business structure
- Executing an achievable financing plan
- Finalizing the management team
- Creating a controlled market entry launch plan
COMMERCIALIZATION
Assuring operation success
- Expanding the business beyond early launch
- Instilling and achieving business objectives
- Creating the right management processes
- Refining the processes for operational success
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