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Steps to Growth Capital Investor Readiness Skills

Self-Study Guide

Investor Readiness Test

Fast Track to Growth Capital
Steps to Growth Capital: The Canadian entrepreneurs' guide to securing risk capital
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Step 1


4.6 Implement Solutions

Well, the hard part is finished. You've identified your problem and determined its root cause, you've generated numerous alternative solutions with the help of your advisor and others, and you've chosen the best alternative, making it your best solution.

Prepare an Action Plan

If your solution is complicated, or if it requires a lot of work to implement, you might want to prepare an action plan outlining the necessary steps to be taken. This plan should indicate who is responsible for each action and the target date for completing it. You might want to include the resources the person responsible will have and any other information that will be helpful when implementing your solution. Here's how your plan could take shape.

 

What Action? By Whom? By When? What Resources?
1.      
2.      
3.      

 

Revisit the Action Plan

One final point: make sure you revisit the action plan to ensure that the people responsible are carrying out the actions. Whether you're the single person responsible or you have a few people helping out, revisiting your action plan will be a helpful reminder of what needs to be done to implement successfully the solution to your problem.



Updated:  2005/07/12
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