Employ, mandate and empower senior management team

Senior management team fully in charge of day-to-day operations of the forum, appropriately governed by the forum's Board of Governors

Produce and approve operations structure, plans and budgets

Approved plans that cover all critical aspects of the forum's operations exist and are being executed in a controlled manner

Formulate, approve and implement operations mandates and policies

Approved mandates and policies that support critical aspects of operations exist, and are being adhered to

Employ, train, equip and manage regular staff in accordance with approved plans, budgets and policies

Regular staff are performance monitored on an ongoing basis to check their efficacy

Develop, approve and execute infrastructure strategy and plans

Infrastructure is in place that effectively supports the forum's operations

Setup information systems and procedures to facilitate the full spectrum of administration

Business management and administration systems and dashboards in place that maximizes operational efficiency and staff productivity

Appropriate and effective governance and advisory structures in place

Appropriate and legally-compliant oversight and governance body that effectively guides and oversees the forum's management team; valuable input and guidance provided by the board that has a positive impact on the growth and development of the forum; governance body operates in a structured manner, utilizing sophisticated tools and instruments

Competent and value-adding governing body members

Members of the governing body are qualified and competent, and aligned with the forum's vision; they are informed about the forum's plans and activities, as well as its challenges; they are enthusiastic and committed to its success

Collect an accurate and comprehensive sample set of users' value perception of the forum's value proposition

A data set of structured user feedback regarding their perception of the worth of the forum's value proposition is used as source data for comprehensive analysis of the targeted market segments

Develop an accurate ideal customer persona

A well-defined customer persona exists that is effective in qualifying appropriate prospects

Analyse the UX of organizations that choose to "do it themselves" when setting up workspaces and enrolling/subscribing to forum offerings

Issues and problems with self-help enrollment identified and resolved/improved to the maximum extent possible

Poll test base for suggestions re additional needed products and services

User suggestions and requests received, recorded and actioned - feedback provided to all participants

From test base select a group of champions (enthusiastic early adopters) that can serve as the catalyst for initiating the network effect

Champions known and recognized - regular contact and feedback provided

Determine the most suitable structure for the reciprocal exchange/captive

White paper describing benefits and drawbacks of possible options, with motivated recommendation of the best option

Verify scope and international deployment feasibility

Feasibility study that provides information required by the relevant regulator, in particular detailing the assumptions used in producing the financial projection; in essence, the business plan with actuarial support for the loss assumptions, a description of any reinsurance protection and an explanation of how the capital requirements of the selected domicile will be met.

Obtain services of reciprocal/captive manager

Service of captive manager secured; provides accounting, actuarial, claims management, domiciliary and regulatory, investment management, pricing, underwriting, and tax expertise (some expertise may be obtained from manager's established vendor network)

Identify appropriate domicile

Motivated recommendation for best domicile for the reciprocal/captive - and supported by reciprocal/captive manager; selection factors to include relationship with regulator, political stability, enlightened regulation, access, support services and cost

Register reciprocal/captive

Application and all additional materials for chosen domicile completed and submit an application, as assisted by reciprocal/captive manager.

Successful network effect utilizing market places

Significant percentage of forum members utilize its trade platform (ARIMA), and increases month-on-month

Successful network effect utilizing channel partners

At least 2 new hubs are established each month, with significant "cross-pollination" between hubs

Successful network effect utilizing communication networks

Significant percentage of forum members utilize the Wire as news and notification source, integrated into their workspaces

Successful network effect utilizing content networks

Significant percentage of forum members utilize its Informant service with content being actively exploited for enterprise development purposes

Provide the means to qualify the right target profile

An accurate and well-defined persona is used to successfully qualify prospective members

Clearly and succinctly convey value proposition

The forum's proposition can be effectively communicated in 10 minutes, and is well-comprehended by prospective members

Sales process produces immediate forum engagement

Platform demonstration is done in a manner that establishes the prospects presence in the forum as a guest, with a workspace, a baseline profile and standard portals

Successful prospect engagement concludes with a sponsored contribution to the network effect.

Each new member offers sponsorship for three recommended other members

Sales cycle is fully instrumented and managed

Leads and sales are recorded, tracked and analysed on an ongoing basis, providing accurate foresight of anticipated sales well into the future

Research forum concept in terms of intent - utilization of a digital backbone to establish a borderless ecosystem where members can trade and collaborate free and unencumbered

(i) Existence of similar associations determined; (ii) Scope of offered versus required services determined; (iii) Legal structure requirements determined;

Research unfulfilled member needs against backdrop of current offerings by collectives such as leagues and business chambers

Clear understanding of what is currently on offer, and the extent to which needs are addressed, and whether the forum's proposed existence is justified

Research possible solutions to risks and threats coming from political and state sources (EWC, riots, socialists, etc.)

Mechanisms and instruments for effective hedging of member risks have been identified and evaluated as potential means for addressing modern risks and threats

Create a Proof of Concept demonstrator that will clearly an unambiguously convey forum's intentions

A working POC is created and allowing prospective stakeholders to "feel and touch" what the forum will be offering.