Our final step was considering the business
aspect of our startup. We drafted a 6-month budget that accounted for
the development of our physical product, all initial startup costs,
monthly revenue, and monthly expenses to map out how we would make money.
We also created a Kickstarter campaign to be able to allow us to have
enough cash on hand to start our company.
We finalized our design for the app and locket with the feedback we
received from our user tests and refined our product to match our style guide.
In the final presentation of our project, we competed against 11 other
teams and won the catalyst funding for our idea.