The Existing Budget - Deepstash
The Existing Budget

The Existing Budget

Think of this as putting yourself in the shoes of the company exec pitching their budget - what saving or benefit will they need to demonstrate to win the approval of the CFO? Importantly, which exec will be the one to best position your product to get the green light on budget?

The top tip here is to work out where the money will come from in your target clients - which line item in which budget is going to give you the revenue you need, and who is in charge of signing it off - you'll sometimes be surprised, because it's not always the person you think it is.

17

45 reads

CURATED FROM

IDEAS CURATED BY

dianamdutica

in Tech👩🏻‍💻 with a passion for Business🦁 and Product Management📚

The idea is part of this collection:

The Startup Masterclass

Learn more about problemsolving with this collection

How to start a successful business

How to build a strong team

How to market your business

Related collections

Similar ideas to The Existing Budget

Find The Person You Need

We need to look at the kind of idea we plan to propose and figure out who would have the power to implement the same. Study the power dynamics of your company using the RACI matrix:

  1. Responsible: People in charge of completing a task or activity.
  2. Acco...

The Required Budget

The Required Budget

We would advise small businesses to have a budget equivalent to a senior-level marketer’s salary, e.g., $120,000. This is why it is often cost effective to hire an agency—a small business gets a whole team of experienced staff for the price of one employee.

As a last resort, if the small b...

Business Model Planning: Other Hypotheses

  • Partners Hypothesis: Involves listing all of the partners you’ll need and identifying what you need from them and what they’ll get in exchange.
  • Revenue and Pricing Hypothesis: It includes the following questions: 1) How many items will we sell?...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates