seed

• THE SEED STAGE

  the very beginning - the business is just thought/idea.
• in this stage:

  viability of the idea is determined through:

  initial testing

  industry research

  feedback from friends, family and industry specialists
• legal structures for the business is registered

  sources funding for prototype development, production, property for business location and staff
• challenges-

  time, energy and money is required to develop the idea into a business.

  clear business plan.

  significant outlay involved to establish business:

  • initial operational costs
  • infrastructure
  • production costs
  • market entry
  • legal fees