For a business plan, the first and foremost thing is set your goals and ideas as to what i have to do. There are various ideas but to execute that one idea makes all the difference. It is key to starting a new business.
Second thing is that before getting too excited and start investing time and resources into that idea, we have to find out if there is a real need for it. My own idea may sound good to me but we got to share our idea with such people who could be honest with us and tell the flaws of that idea also.
Third thing is that we got to find whether our that idea serves a market that is big enough with opportunity for growth. It is very important as it happens that our idea may be good one but the market may not be big enough for execution of that particular idea. So in such case, survey and research can help us know that whether our idea to start that business is worth our time.
Fourth thing is “Man Power”. What kind of people we should hire in our business so that they could cope up with a new startup?
Finally is the “Money Power”. How can we arrange our own capital to start with the business? In this case, our relatives,friends can help to a great extent.
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