Q: What are the elements of a successful micro business launch ?
A: First step is a Business Plan. Typically, Short Term ( less than 1 year ) and Long Term Plan ( 3 years) is required. The document needs to be written and explains the business overview.
Its chapters usually contain the following:
1. Product / Service Offered
2. Market : Survey / Competition / Promotion / Internet
3. Sales: Revenue Forecast / Sales Channels
4. Resource Plan - Human / Financial
5. Operations : Where/ How and When
6. Service : Customer / Markets / Logistics
6 Sales / Marketing/ Operations Support Plans
7. Legal: Warranty/ Patents / Licenses / Agreements
8. Financing: Equity / Line Of Credit
9. Business Entity Choice
10. Global / National / Local Market - Export / Import
How about expanding this outline ? Feel free to comment and add as we discuss important aspects of these chapters.
Call Kash @ (925) 963 4891 or visit www.yajnikandmehta.com
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