Showcase your plan

It might be helpful and useful to form strategic plans with other organizations to add complimentary products or services. It can help to reach larger markets, stretch scarce resources through otherwise inaccessible distribution channels. Another GSBI alumni company, Hapinoy, partnered with the largest micro financer in the Philippines to provide financing for its network of rural retailers. It also teamed up with local bus drivers to deliver essential goods to remote locations.

Build in governance

It is very important that an entrepreneur has a strong oversight and governance to ensure that there is appropriate and objective decision making. Not only can external participants, such as board members, add useful insights to your idea or thinking, but they also can reassure investors that there is an additional set of eyes and minds at work protecting their money from any possible risk.

Ask for feedback

Getting feedback from customers means getting immediate results. But an entrepreneur must just not stop himself and the ideas must be exposed and shared with trusted advisors, mentors and investors to refine your pitch. It is necessary that the comments, observations and criticisms are recorded so that you can address them in the next take.