At which stage is your venture?
- Opportunity ... gap in market, new technology ... maybe, just maybe, we can do something here
- Idea ... clear problems, viable solutions ... hmmm, looks like there is something here
- Concept ... viable strategies for earning a profit solving customer problems better than the competition
- Venture ... viable innovation concept (product, service, process, position, method); viable team (innovator, entrepreneur, money manager); viable resources (people, places, things, time, money)
- Organization ... team, roles, clear strategies,
- Company ... legal entity (corporation, LLC, et alia), pre-sales, unstable financials (raising funds)
- Business ... low-hanging fruit, sales, customers, stable, positive EBITDA, viable business model
- Enterprise ... scale, scope, markets, growth, significant EBITDA, defined task and assignments, employees
- Institution ... significant market share, significant industry position, re-invention, continual innovation
- Tombstone ... the cows have run out of milk