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             03 July, 2020

Category:  Articles » Business » Strategic-Planning


Prototyping - Business Planning and Inventory

         Views: 1523
2007-09-08 17:45:29     
Article by L. Winslow

When preparing a business plan to submit to potential investors it helps to have a prototype model, complete costs needed to prepare a prototype or an actual completed prototype to show them. I always recommend completing the prototype yourself if possible to show to investors.

Below is a statement about prototype designs for a business plan. This sample "rough draft" statement is for an oral hygiene product that was invented by Charles Shooster in the 1990s. Please read this sample to get an idea on the thought needed to prepare such a statement for your business planning process:

Prototype Designs

We will continue to modify our prototype to meet the needs and desires of our customers and take suggesting from them as to how best to improve our product. We will listen to our vendors and find ways to cut costs in packaging, shipping, materials and manufacturing. The field of Thermo-plastic Welding has come a long way and we intend to stay up on the latest new innovations in that sub-sector to reduce costs and time to market, thus streamlining the manufacturing process. Below are several prototype completed designs ready to send to our manufacturing representatives and owners of a few local Southern California based manufacturers.

The Polishing Pad - Teeth Wipe - (PPT) - Description and picture here
The Teeth Wipe Original - (TWO) - Description and picture here
The Teeth Wiper Traveler - (TWT) - Description and picture here
The Infant Teeth Wipe - (IWT) - Description and picture here
The Animal Teeth Wiper - (AWT) - Description and picture here

We will produce 300,000 units needed to start for inventory. We will be extremely frugal with our purchases to conserve our cash flow and maximize profits. We want to win and we want to make money.

--- ---- ---- ---

It is important for investors to know your plans and equally important for you to work thru this process. It is alright if you are not completely sure during the initial planning process exactly how you are going to accomplish completion of the prototype on your first draft, but it is important that you set the foundation early on in the planning process. I hope this article will help you in your business plan. Good Luck.

L. Winslow is an Economic Advisor to the Online Think Tank, a Futurist and retired entrepreneur http://www.worldthinktank.net . Currently he is planning a bicycle ride across the US to raise money for charity and is sponsored by http://www.Calling-Plans.com and all the proceeds will go to various charities who sign up.

Specialized in: Prototyping
URL: http://www.worldthinktank.net
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