Development stages of a new project, product, or business

I was privileged to attend business schools and work with second to none tutors and business coaches. I was part of large-scale projects and numerous start-ups that have to work with their enthusiasm.

Due to the extensive theory, I received during my education process I was able to identify stages from the get-go. However, the sequence that it takes for every project, product, and business to be successful was revealed to me only recently on one of my ventures.

This sequence is applicable to every business endeavor, new or established business practice.

Proof of concept

The idea is presented in a logically coherent way. The goal is to gain future stakeholders' attention.

Proof of work

The idea has to become a project with defined goals and objectives.

Proof of business

The project is tested on the market to prove that there is a market for this project/product/service.

Proof of profitability

A business or product has matured to the extent that it can support itself and all the stakeholders involved.

Proof of success

Outsiders recognize the existence and impact of the business or the project

The above described is the only sustainable sequence for success.

This know-how is exclusively revealed to my followers.

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