Requesting money for your project is not an easy thing to do. You would have to be careful with everything that you shall put your request. They need to be relevant for the members of the board to be interested in your concept in the first place. So, allow the tips below to help you with your writing.
You need to become upfront with the value which you are proposing and be clear about it. Remember that your Capex request is the gateway to the fulfillment of your professional ideas. Thus, get your calculations right and be confident in defending it. Everyone in the room would be skeptical and that is perfectly normal. Deal with it.
You should manage to explain to these people how this business plan came to life. Use simple terms and form a connection with the board. Once you become successful on your first try, your next projects will be viewed as more sensible and in line with what the company is all about. Just get through the hardest part which is the first phase.
Be concise with those possible technical changes and give the true impression that they are all completely minor glitches. These modifications will only be made if there is something wrong with your initial calculation. That is not most likely to happen especially when you got the best hands to work with you on this project.
You must show accuracy in the cost page. In that scenario, these individuals will allow you to work under less supervision when the construction is already going on. That can give you the freedom to spend the budget using thrifty options but never compromising the quality that the company is already known for.
There would always be risks and it is important that you become upfront about them as well. This shows how transparent you are as a professional and how you are wiling to do anything to make your plan work. Just convince these people to trust on your managerial skills and on the expertise of your sub level contractors.
If some of the stakeholders have already agreed with your plan, simply show a document of their approval. Most of the time, when there is money involved, the group just needs someone to do it first. In that way, the blame can be on this person if everything goes haywire. That is just how business works.
Every assumption has to be made in the request. However, if your concept seems to be feasible, you have nothing to worry about and this is just for formality sake. So, go on with the last detail in the form.
Simply defend your proposal with everything you got. Sometimes, your confidence can be enough to make everyone believe in the product which is still about to be made. Practice your speeches but also talk about your personal thoughts on your own idea. That can make the board truly excited.
You need to become upfront with the value which you are proposing and be clear about it. Remember that your Capex request is the gateway to the fulfillment of your professional ideas. Thus, get your calculations right and be confident in defending it. Everyone in the room would be skeptical and that is perfectly normal. Deal with it.
You should manage to explain to these people how this business plan came to life. Use simple terms and form a connection with the board. Once you become successful on your first try, your next projects will be viewed as more sensible and in line with what the company is all about. Just get through the hardest part which is the first phase.
Be concise with those possible technical changes and give the true impression that they are all completely minor glitches. These modifications will only be made if there is something wrong with your initial calculation. That is not most likely to happen especially when you got the best hands to work with you on this project.
You must show accuracy in the cost page. In that scenario, these individuals will allow you to work under less supervision when the construction is already going on. That can give you the freedom to spend the budget using thrifty options but never compromising the quality that the company is already known for.
There would always be risks and it is important that you become upfront about them as well. This shows how transparent you are as a professional and how you are wiling to do anything to make your plan work. Just convince these people to trust on your managerial skills and on the expertise of your sub level contractors.
If some of the stakeholders have already agreed with your plan, simply show a document of their approval. Most of the time, when there is money involved, the group just needs someone to do it first. In that way, the blame can be on this person if everything goes haywire. That is just how business works.
Every assumption has to be made in the request. However, if your concept seems to be feasible, you have nothing to worry about and this is just for formality sake. So, go on with the last detail in the form.
Simply defend your proposal with everything you got. Sometimes, your confidence can be enough to make everyone believe in the product which is still about to be made. Practice your speeches but also talk about your personal thoughts on your own idea. That can make the board truly excited.
About the Author:
We have now made it easier for you to focus on your business through Capex request. To learn more about workflow automation, go to http://www.caprivisolutions.com.
