There are two types of sponsors. Some have money to invest, but do not have sufficient experience in project appraisal. They invest and lose money. Other sponsors set high demands on projects and carefully select them. But if you pass the initial conditions, then with such a sponsor you are practically doomed to success. Such people competently control the project and warn you against mistakes. Consider preparing for a meeting with a type 2 sponsor.
Instructions
Step 1
Write down a step-by-step plan for implementing the idea. While you are writing the plan for yourself. Indicate the numbers, predict the profit.
Step 2
Create a growing point. This is a trial sales site. It is temporary for the experiment. Your task is to implement the project as planned and get the expected profit.
Step 3
Analyze the result and make adjustments to the plan. In fact, something may not go exactly as it seemed. Now you can make a really good plan because you have experienced all the difficulties.
Step 4
Create a second growth point. Now things will go differently. Your task is to work out the nuances so that the plan becomes a real step-by-step guide.
Step 5
Write a business plan based on the numbers you get. It's time to make a plan for the sponsor. It will differ from the standard plans drawn up by theorists. After all, you do not take numbers from the ceiling. This is what makes the plan attractive to good investors.
Step 6
Show the plan to a potential sponsor. You can turn to anyone with money. If a sponsor of the second type meets, he will not give a "turn from the gate" due to unreasonable and unproven figures.
