Posted On: 03/29/2015 7:14:57 PM
Post# of 7775
PROOF OF CONCEPT: I agree with your thinking. If I was going to seek a loan or to finance anything the lender is going to want proof I can pay them back or therms will be very aggressive. Selling Rico... CBD Tinctures and the other products prove on a smaller scale that they can sell through several avenues... PROOF OF CONCEPT.
We shall see:
DEFINITION:
Business development
In the field of business development and sales the use of proof-of-concept helps to establish viability, to isolate technical issues, and to suggest overall direction, as well as providing feedback for budgeting and other forms of internal decision-making processes.
Now they can seek funding based on this proof-of concept.
JMO = I just don't think they have the capital for a full scale marketing plan so why not show it can work and then go get funding. LONG AC
We shall see:
DEFINITION:
Business development
In the field of business development and sales the use of proof-of-concept helps to establish viability, to isolate technical issues, and to suggest overall direction, as well as providing feedback for budgeting and other forms of internal decision-making processes.
Now they can seek funding based on this proof-of concept.
JMO = I just don't think they have the capital for a full scale marketing plan so why not show it can work and then go get funding. LONG AC
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