Following lean method for the company business model and process. I have been bootstrapping the company for more than one year and will continue up to certain point before seeking money invested. By that point the company should have done a list below:
- preproduct prototype should be done
- manufacturing outsources should be set up
- The calibration and testing procedure should be written
- everything on the roadmap including timeline, money, marketing and all supports should be clear and correct
- Marketing plan should be done and start to execute
- should be at least a distributor channel setup
- Other channels will start to build such as direct sale or eComm
- more what???
Bootstrapping is the philosophy as "right action, right time" I would like to add more to it: right people, right money. It must be controllable and manageable.