« Reply #3 on: January 17, 2013, 07:17:26 pm »
Creating a saleable product is seriously tested if finance is required. It is always easier spending someone else's money. Committees are really good at doing that too. So a project based on outside finance can afford to dream up some silly numbers that sound great. Then the surprise that there is no interest, the figures do not add up or the financier demands considerably more of a stake in the project for his investment if he can see the germ of a good idea. The basis of The Dragon's Den program.
Base the project on your own hard earned money and progress on WCS figures to find that there is a potential sales market and you have very much more chance of an economic success. That might need finance but since it is a tight set of figures the scope to loose control of the project is greatly reduced.
I am sure there are folk out there attempting a sting but many more have deluded themselves with feathering their business plans with artificially soft figures not based on reality. That or a fundamentally undesirable product for some reason. Business is great fun but it is serious and getting it wrong can be expensive. It is easier to get it wrong than it is right. There have been some brilliant looking machines come up but nothing further happens. Others falter after attempting bravely to make, often because of underfunding or the need to sell product before its fully developed. If it were easy we would all be doing it. Sadly I fear it is getting more difficult.
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