Process to Convince Stakeholders You Have a Viable Business Opportunity and to Commit Their Resources!

Entrepreneur – Process to Convince Stakeholders You Have a Viable Business Opportunity and to Commit Their Resources!

As an entrepreneur you must convince yourself and other stakeholders that you have a business.  Stakeholders include customers, engineering, manufacturing, distribution, marketing, channel, service, finance and funding partnerships.  Stakeholders expect the entrepreneur to have done all the homework necessary to provide them the information they need to be able to commit that they can perform their necessary tasks to build the business.  For instance, once a high-level product functional specification has been developed, then and only then, can engineering determine if they can commit to design such a product.

As an entrepreneur, you need in know in which order to convince each stakeholder to commit to be able to perform their specific tasks.  This requires that you understand the sequence of steps and the information needed at each step, to enable each stakeholder to commit to be able to perform their specific tasks.  When you complete the journey, having obtained commitments from each stakeholder, you will have arrived at the point where you can defend with confidence that you have a viable business opportunity to the entire stakeholder team.

Proven Step-By-Step Process to Convince Stakeholders

Prism has worked with entrepreneurs, cross-functional teams, strategic partners, channel partners and the investment community to develop its proven step-by-step Process to Convince Stakeholders that a Viable Business Opportunity exists.  Prism invested in developing this process in order to enable entrepreneurs to obtain stakeholder commitments at each step that leads to a final determination that they indeed, have a Viable Business Opportunity.  Once the final step is completed, and all stakeholders agree that “You Have a Viable Business Opportunity” worthy of investing their resources, the next step is to charter, staff, fund and give the go ahead to execute the new business venture.

Prism provides services to guide entrepreneurs through the Process to Convince Stakeholders as well as assistance at each and every step as needed.  These assistance services are provided as needed based upon the background experience and expertise of the entrepreneur.  For instance, dialogue with customers involves delving into each customer’s unique situation to determine if the innovation would improve their business, what the impact would be and what the value would be to that customer.  In addition, the customer dialogue would include refinement of the product requirements, preferred method of acquiring, supporting, installing and maintaining the product.  Lastly, the customer dialogue would include Beta Test, agreement to be a customer referral, success story PR releases and possibly even customer financial partnership investments.  Prism provides entrepreneur assistance for dealing with strategic customer, engineering, manufacturing, distribution, marketing, sales/support/service channel and angel investor relations.

If you need assistance in convincing stakeholders “You Have a Viable Business Opportunity”

Contact Prism to get immediate results to “Convince Stakeholders You Have a Viable Business Opportunity” ConvinceStakeholders@PrismBusDev.com or call (720) 352-3407

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