If you want to be an entrepreneur, thinking in different ways is very important. People who want to start their own business are thinking about business plans first. Here in this PPT you can check which will help you to create your business plan effectively.
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Strategic business planning for online startups
1. S T R A T E G I C
B U S I N E S S
P L A N N I N G F O R
O N L I N E S T A R T U P S
2. H E R E A R E T H E
B A S I C S T E P S I N
F O R M U L A T I N G A
B U S I N E S S P L O T :
3. Start with your basic concept for
business. Make sure to write it
down.
Gather and compile all the data that
cover the feasibility and specifics of
the concept.
Focus on your concept and refine it.
4. Be more specific with the 4 W's (what,
why, where and when) and 1H (how). Put
the specifics of your business in an
outline form.
Polish it into a persuasive form so it will
not only make you focus but help you
define the very important aspects of
business too.
Review the plan and then print it.
5. W H E N C R E A T I N G
B U S I N E S S P L A N S ,
T H E F O L L O W I N G
P O I N T E R S A R E V E R Y
I M P O R T A N T :
6. I M P O R T A N T P O I N T S
A sound concept - You can not work on every business of your fancy. Your
concept must be something doable for you. The best way to learn about a
venture is to work for or with someone else who has that business.
A good idea of your market-You should know your market and what kind of
product or service would catch their attention and fulfill their needs. It would help
if you could try selling your prospective product or offering your service first. If the
result is encouraging, then you must be on the right track.
7. Capable and dynamic management -- If you are starting a small online
business, you may only need yourself, but if you are off to establish a big
business both online and offline, you need people you can depend on-- those
who practice ethical values and those who may even be smarter than you.
They can complement the talents that you lack.
Qualified accounting-You must brush up with the basics of accounting or hire
someone who can give you a hand. You have to know how to keep your score.
8. An openness to change-Your mindset must be open to change, in fact, it must
anticipate change. Keep your thoughts fluid and be aggressive when it comes
to making revisions. The economy is very dynamic. Your business should be
able to go with the flow whenever necessary.
These are the basic steps and things to consider when making business plans.
Keeping them in mind will surely help you come up with one that has a lot of
potential to succeed.
9. M A R K E T T R E N D S
When it comes to maintenance of port infrastructure, most owners and
operators believe more needs to be done to ensure standards are met.
When it comes to writing up the business plans;
Mostly Businessman thinks what do next. Let the
expert handle this on the behalf of you.