| The
Process
The GKV Development Process is comprised of 7 steps that assist
the entrepreneur from initial market research through product
launch and ongoing company management.
The
following are the steps of the GKV Development Process:
- Research
- Research is the first of seven steps in the GKV development
process. In the Research step, GKV defines the Business, identifies
current players and their individual stages of development,
identifies partners and their current market share, locates
industry experts to assist in the research, and determines the
technical sources needed.
- Develop
Team - Developing the Team is the second of seven steps
in the GKV development process. During this step, GKV defines
the management needed to operate the new business. Potential
candidates are identified via networking or a recruiter may
be used. Once acceptable candidates are found, employment contracts
are secured.
- Raise
Seed Capital - Raising Seed Capital is the third of seven
steps in the GKV development process. This step involves the
investment board presentation, creating the company entity,
setting up accounting guidelines, and obtaining funding from
the GKV general fund.
- Develop
Business - Develop Business is the fourth of seven steps
in the GKV development process. The MBD
framework is to be followed in developing business.
- VC
Round One - VC Round One is the fifth of seven steps in
the GKV development process. During this step the VC business
plan is developed along with offering memos. The legal documents
are drawn and closing is scheduled.
- Product
Launch - Product Launch is the sixth of seven steps in the
GKV development process. During this step, GKV and the management
team will develop the product map and test the product at various
beta sites. It is during this step that the marketing campaign
is developed and the product is launched.
- Company
Management - Company Mangement is the last of seven steps
in the GKV development process. In this step, the business plan
is finalized, the board of directors is established, the executive
team is assembled, and the operational plan is established.
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