1:17 AM
Requesting money for your project is not an easy thing to do. You would have to be careful with everything that you shall put your request. They need to be relevant for the members of the board to be interested in your concept in the first place. So, allow the tips below to help you with your writing.
Every estimate needs to come with an accurate calculation. Also, stop fearing that this will put your Capex request to waste. On the contrary, when you openly say that this will be an expensive venture, you already have the attention of everybody with your boldness. That is when you can show them the high level of profit in return.
You should manage to explain to these people how this business plan came to life. Use simple terms and form a connection with the board. Once you become successful on your first try, your next projects will be viewed as more sensible and in line with what the company is all about. Just get through the hardest part which is the first phase.
Be concise with those possible technical changes and give the true impression that they are all completely minor glitches. These modifications will only be made if there is something wrong with your initial calculation. That is not most likely to happen especially when you got the best hands to work with you on this project.
Have a complete list of the costs and outline how they are going to benefit the entire project. Again, it is important for you to describe to these people what is about to go on. When you show to them that every part of your plan is crucial, they shall be more receptive with your crazy idea and begin with the implementation.
List down the possible risks as well. Remember that once you see interest among these people, your goal is to turn them into partners in the end. Also, talk about all the times in which you have managed to deliver for the company. You will not be putting your name on the line if you do not think that this project will be a huge hit.
If a few of these stakeholders have always been on your side, let their signature start the movement. Remember that everybody will be afraid to make the first move. So, get one to lead the parade.
An assumption list will also be expected from you. However, realize that this is just to complete the standard portfolio. So, focus on how you can gain the favor of everyone in that room and you will stop being afraid with your ideas to improve the company.
What is important is that you are willing to defend your proposal until it gets the approval. If this has solely been your idea, then just be motivated by the fact that you will get all the recognition in the end. Believe in your creative idea and everyone else would follow suit along the way.
Every estimate needs to come with an accurate calculation. Also, stop fearing that this will put your Capex request to waste. On the contrary, when you openly say that this will be an expensive venture, you already have the attention of everybody with your boldness. That is when you can show them the high level of profit in return.
You should manage to explain to these people how this business plan came to life. Use simple terms and form a connection with the board. Once you become successful on your first try, your next projects will be viewed as more sensible and in line with what the company is all about. Just get through the hardest part which is the first phase.
Be concise with those possible technical changes and give the true impression that they are all completely minor glitches. These modifications will only be made if there is something wrong with your initial calculation. That is not most likely to happen especially when you got the best hands to work with you on this project.
Have a complete list of the costs and outline how they are going to benefit the entire project. Again, it is important for you to describe to these people what is about to go on. When you show to them that every part of your plan is crucial, they shall be more receptive with your crazy idea and begin with the implementation.
List down the possible risks as well. Remember that once you see interest among these people, your goal is to turn them into partners in the end. Also, talk about all the times in which you have managed to deliver for the company. You will not be putting your name on the line if you do not think that this project will be a huge hit.
If a few of these stakeholders have always been on your side, let their signature start the movement. Remember that everybody will be afraid to make the first move. So, get one to lead the parade.
An assumption list will also be expected from you. However, realize that this is just to complete the standard portfolio. So, focus on how you can gain the favor of everyone in that room and you will stop being afraid with your ideas to improve the company.
What is important is that you are willing to defend your proposal until it gets the approval. If this has solely been your idea, then just be motivated by the fact that you will get all the recognition in the end. Believe in your creative idea and everyone else would follow suit along the way.
About the Author:
We have now made it easier for you to focus on your business through Capex request. To learn more about workflow automation, go to http://www.caprivisolutions.com.
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