Have a idea that will change the world?
- A critical part of moving a concept to a business is developing a compelling narrative and financial picture. People then see the vision and its potential to pay dividends.
I have been a part of teams at Westinghouse, Siemens and Westminster Economic Development Initiative (WEDI) that did that.
- Highlighting the work at WEDI the initial financial picture demonstrated that a community business incubator was viable as a sustainable entity allowing the raising of funds and the start-up of the West Side Bazaar.
- With the success of the initial startup, the picture was expanded resulting in winning a large competitive grant for moving to larger quarters and installing a commercial kitchen
As the financial realities become clearer, one or two dimensions take on critical importance. These issues point to potential further clarification making the case more solid.
What’s in it for you? Bringing ideas to life with thoughtful well researched assumptions.
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