Hello everyone I'm new to site but have that this forum has tremendous information and some very intelligent individuals here. I'm currently writing a business plan to try and secure funding for a prototype. I have a great idea but i'm stuck. Can anyone help. Here's the dilemma. I'm looking to get funding so i can develop a prototype. The only thing is I'm not looking to operate a business once the final product has been built. My goal is to license or sell the rights. So the question is, how do or what information is needed in the financial portion of the business plan if not looking to operate a business? Also, the product has no competitors and will be the first of it's kind so its difficult to predict and gather financial information on the industry.
Any advice will be greatly appreciated.
Running a small business is no small feat. That's why we've created a small business forum for expert insight, insider tips and the industry knowledge you need to see your small business grow.
Join our small community for expert insights, insider tips, and the industry knowledge you need to see your small business grow.Get Started Become A Member
Running a small business is no easy feat. That's why we've created a forum for small business ideas, insider tips and the industry knowledge you need to help your small business grow.
Now that you’re a member of the community, spice up your profile by adding photos, a custom avatar, information about your small busines, and much more.View Profile
Take part in the conversation and post your own question to the community.
Ways to Make Your Search More Accurate
Most of the time, you just want to find content that has a particular phrase. Here are the easiest ways to find the content you want.