Deliverables
Please answer the following questions relating to how you will raise and allocate money for your company. Please compile these answers into a well-formatted document.
How will you get funding to kickstart your company? Provide multiple sources. A good company never relies on one method of funding. Discuss how will you allocate funds through the company.
What is the estimated cost of your product?
- Think about different factors that may influence the cost of your company's product (marketing, operating costs, maintenance, etc).
How will you minimize the cost of your product to increase profits?
- (Refer to your design refinement document - Pugh Chart from the Design Phase)
- What changes did you make and how will that affect profit? (Good or Bad?) Explain.
- Provide visualizations (Example: Charts, cost saved over x amount of years) on how the proposed idea would effect the company.
Are the materials for your product sustainable?
- If so, please explain how.
- If not, explain why you chose to use those specific materials.
What sustainable impact is your product going to have?
- What current environmental issue are you trying to solve/mitigate?
- How much do you estimate your product will help do that?
How sustainable is the disposal of your product?
- What impact will your product have after its lifetime of usage?
- How are you not contributing or contributing less than other products to environmental problems?