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95
What is the primary objective of the current owners and manag-
ers? (sell out in x number of years, buy out investors, license idea for
royalties, franchise idea, etc.)
What is the amount of stock currently authorized and issued?
Who are your current stockholders?
How many shares does each own?
What are the warrants, rights, options?
Professional Support Resources
Who is on your outside professional consultant team? (legal, fi-
nancial, marketing, public relations, technical/systems, accounting, etc.)
Who are the industry experts who give support to your manage-
ment team?
How has each one assisted or will assist in the development and
ongoing management of your company?
Product and Related Services
Objective: to describe the product and related services, special
features, benefits, and future development plans in non-technical lan-
guage.
Description of the Product / Service:
What is the purpose of the product/service?
How does it work?
Was the product designed to solve a problem or address an op-
portunity?
Is it a luxury item or a necessary item? Who is it for? How does
the product achieve this purpose?
What are its unique features (cost, design, quality, capabilities,
benefits, etc.)? What is the life cycle of your product or service?
What is its technological life?
How does it compare with the state of the art?
What is its susceptibility to obsolescence?
To change in style or fashion?
What stage of development is the product in (idea, model, work-
ing prototype, small production runs, full manufacturing / production)?
If more than one product is involved, how will the manufacture
and promotion of one affect the other?
How does this product compare
to similar products of competitors?
96
Do you have a third-party evaluation available?
What are the re-
lated services you will provide?
How will they enhance and increase the profitability of the ven-
ture?
Description of the Facilities
How will the product be produced?
Is it capital-intensive? Is it labor-intensive? Is it material-
intensive? What are any special manufacturing or technological consid-
erations?
What are the maintenance / updating requirements? What equip-
ment do you need?
What is its reliability factor?
What is its downtime?
What inventory do you need?
Do you depend on special suppliers to successfully operate your
business?
What is the current production capacity in units of output?
Can your current facility handle future growth demands? Will all
or some of the production be subcontracted? Will the current production
philosophy change in future years? How?
Is this an end-use item or a
component of another product?
Does your company's survival depend on someone else? Why is
the location advantageous?
Proprietary Features
Can your product be protected by patent, copyright, trademark or
service mark?
What protection will be provided?
How do you plan to protect the integrity, confidentiality and
competitive nature of your product and services? What are the regula-
tory or approval requirements from government agencies or other indus-
try participants
Is there a lot of red tape to overcome? How will you do it?
Future Development Plans
What new products do you plan to develop to meet changing
market needs?
How will you stay ahead of market needs (improvements, exten-
sion of current product / service line, plans for other product / services)?
What is the primary objective of the current owners and manag- Do you have a third-party evaluation available? What are the re- ers? (sell out in x number of years, buy out investors, license idea for lated services you will provide? royalties, franchise idea, etc.) How will they enhance and increase the profitability of the ven- What is the amount of stock currently authorized and issued? ture? Who are your current stockholders? How many shares does each own? Description of the Facilities What are the warrants, rights, options? How will the product be produced? Is it capital-intensive? Is it labor-intensive? Is it material- Professional Support Resources intensive? What are any special manufacturing or technological consid- Who is on your outside professional consultant team? (legal, fi- erations? nancial, marketing, public relations, technical/systems, accounting, etc.) What are the maintenance / updating requirements? What equip- Who are the industry experts who give support to your manage- ment do you need? ment team? What is its reliability factor? How has each one assisted or will assist in the development and What is its downtime? What inventory do you need? ongoing management of your company? Do you depend on special suppliers to successfully operate your business? What is the current production capacity in units of output? Product and Related Services Can your current facility handle future growth demands? Will all Objective: to describe the product and related services, special or some of the production be subcontracted? Will the current production features, benefits, and future development plans in non-technical lan- philosophy change in future years? How? Is this an end-use item or a guage. component of another product? Description of the Product / Service: Does your company's survival depend on someone else? Why is What is the purpose of the product/service? the location advantageous? How does it work? Was the product designed to solve a problem or address an op- Proprietary Features portunity? Can your product be protected by patent, copyright, trademark or Is it a luxury item or a necessary item? Who is it for? How does service mark? the product achieve this purpose? What protection will be provided? What are its unique features (cost, design, quality, capabilities, How do you plan to protect the integrity, confidentiality and benefits, etc.)? What is the life cycle of your product or service? competitive nature of your product and services? What are the regula- What is its technological life? tory or approval requirements from government agencies or other indus- How does it compare with the state of the art? try participants What is its susceptibility to obsolescence? Is there a lot of red tape to overcome? How will you do it? To change in style or fashion? What stage of development is the product in (idea, model, work- Future Development Plans ing prototype, small production runs, full manufacturing / production)? What new products do you plan to develop to meet changing If more than one product is involved, how will the manufacture market needs? and promotion of one affect the other? How does this product compare How will you stay ahead of market needs (improvements, exten- to similar products of competitors? sion of current product / service line, plans for other product / services)? 95 96
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