By Kevin Murray Requesting money for your project is not an easy thing to do. You would have to be careful with everything that you shall ...
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.
You should give an exact estimate on how much this will cost the company. A Capex request needs to be clear for the board members to somehow be in the same page with you. Give them the figures ahead of time and they shall slowly justify that this is just in the right range. Everyone will come to their senses for as long as you remain consistent with your talk points.
Outline your business idea in the simplest terms. In that scenario, the panelists will be more lenient to keep an open mind that a fresh idea could work after all. Show your passion in every word you say and make them that this is an idea which did not come out of nowhere. This is not a desperate attempt to show off to the upper management.
A plan B needs to be formed as well since you are talking to cautious businessmen in here. When you appeal to most of their fears, they will have all the reason to sign the approval. So, learn to manage the skeptics and highlight the facts which can strengthen the theory that the suggested project will not fail and become the newest trend in the market.
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.
Be honest with the risks. Again, the only way to win these individuals is for you to be transparent with the things which they will find out in the long run. In giving them the heads up, you are actually making the project more exciting for them. Thus, just have all the confidence in convincing them to take that first step with you.
Get some stakeholders to sign the proposal before the meeting. When the other members see that some of their friends went ahead without their consultation, their ego will drive them into the same paper as well. In business, you just need to know more about people.
A list of assumptions will be the next thing in your agenda. However, take note that this is just part of what is professionally required from you. Once you already got the entire board to sign up, your project will be on the way.
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.
You should give an exact estimate on how much this will cost the company. A Capex request needs to be clear for the board members to somehow be in the same page with you. Give them the figures ahead of time and they shall slowly justify that this is just in the right range. Everyone will come to their senses for as long as you remain consistent with your talk points.
Outline your business idea in the simplest terms. In that scenario, the panelists will be more lenient to keep an open mind that a fresh idea could work after all. Show your passion in every word you say and make them that this is an idea which did not come out of nowhere. This is not a desperate attempt to show off to the upper management.
A plan B needs to be formed as well since you are talking to cautious businessmen in here. When you appeal to most of their fears, they will have all the reason to sign the approval. So, learn to manage the skeptics and highlight the facts which can strengthen the theory that the suggested project will not fail and become the newest trend in the market.
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.
Be honest with the risks. Again, the only way to win these individuals is for you to be transparent with the things which they will find out in the long run. In giving them the heads up, you are actually making the project more exciting for them. Thus, just have all the confidence in convincing them to take that first step with you.
Get some stakeholders to sign the proposal before the meeting. When the other members see that some of their friends went ahead without their consultation, their ego will drive them into the same paper as well. In business, you just need to know more about people.
A list of assumptions will be the next thing in your agenda. However, take note that this is just part of what is professionally required from you. Once you already got the entire board to sign up, your project will be on the way.
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.
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