You have decided to move forward to the final development of your idea. You feel you have sufficient information and insight in order to build a final blueprint or business plan for your idea.
It may be beneficial to pilot your service in order to get more detailed feedback. You will however need to re-engage with the key decision-makers at this point to ensure that there is buy-in and support for taking your idea out of the prototyping stage.
When sharing your work with the decision-makers, ensure you have answers to the following questions:
- How has prototyping helped shape this product/service and ensure it is fit for purpose?
- What is the demonstrable value of this new product/service?
- How can it go from a prototype to a functioning product/service?
- Who are the partners, what is the cost, where is the revenue?
There will be a number of things you will need to demonstrate before building your business plan; the business planning tool in the next section should help you.