Taking on the responsibility of managing a business can sometimes feel overwhelming. Tasks feel infinite, and managing challenges can sometimes bring out uncertainty and self-doubt.
Captured carbon dioxide could one day fuel an $800 billion industry
It sounds like science fiction, but for a select few, capturing carbon dioxide (CO2) from energy production emissions to create viable and economical carbon products is a hard-won reality that could breathe new life into the Powder River Basin and other coal communities.
In the five years following the 2015 commencement of the International Carbon X Prize competition, and its conclusion in 2020, where ten teams from five countries strove to identify new economical uses for captured carbon in the hopes of claiming one of two $7.5 million grand prizes, researchers and industry leaders have discovered how to utilize carbon in ways previously unimaginable.
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These are the nine key bases he recommends all founders cover in their product pitches.
They include having a clear focus, quantifying value, and showing a cost margin of at least 50%.
As a long-time adviser to entrepreneurs and an occasional angel investor, I often see and hear innovative product pitches that sound exciting, but are missing one or more of the key business elements that investors deem critical for funding consideration.
We all hate to see your proposal rejected, when a bit more effort and homework could expedite your startup funding and rollout.
Of course, you can find these elements embodied in many of the business plan templates and tools out there, such as the Business Model Canvas. But in addition, I ve always found it helpful to provide a simple checklist for new venture founders and new business owners to make sure they have covered all the key bases correctly, including the following: