SYU D2.3.3

SPEED-You-UpD2.3.3 businesscheck

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Market analysis check

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Community analysischeck

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Goalcheck

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Target group check

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added value check

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Plan of action&Budgetcheck

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Operations check

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Evaluation check

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Result

As a starter you naturally want to distinguish yourself from the competition. Therefore describe concretely for which problem you offer a solution. For example, sketch the current situation of a client and tell us concretely what problem that company is facing. Then watch whether there are research results and figures that as further evidence of your findings. That can be a be a report from the Central Bureau of Statistics (CBS) or a trade association.

It is important that you describe exactly what your product is or service, what you want to achieve with it and how the process is proceeding. For example, are you going to translate texts from Dutch to Russian? Then determine whether you are only a translator or can also become an interpreter hired. Maybe you will start a deli. In that case, indicate whether you want the products only physically or also is going to offer online. Below you concretely describe the cost structure and conditions. And if you own products manufacturing, importing or exporting, this is the place to explain that whole process. After the problem, it is now time for your solution. Which alternative are you going to offer customers and / or clients? Care make sure you describe the solution clearly and go ahead if necessary don't shy away from obstacles. Your reader is often just as good (if not better!) aware of possible bottlenecks. Describe how you want to deal with this. Also consider with which parties you may be able to work together.

You reached the end! Great job!

SPEED YOU UP!

Almost at the finish line!

It is important that you describe exactly what your product is or service, what you want to achieve with it and how the process is proceeding. For example, are you going to translate texts from Dutch to Russian? Then determine whether you are only a translator or can also become an interpreter hired. Maybe you will start a deli. In that case, indicate whether you want the products only physically or also is going to offer online. Below you concretely describe the cost structure and conditions. And if you own products manufacturing, importing or exporting, this is the place to explain that whole process.

Describe your business idea in clear terms. Do preferably in one to two sentences and make it concrete possible. Why are you starting this business? Who actually? And what do you think you can achieve with it? These questions take care of it that you think carefully and critically about your plans. It's alright furthermore, that you are the reader of the business plan makes you curious. If you want the bank or investors convince, then you better clear your goals articulate.

Who will pay money for your product or service? Determining the right sales market is an important factor for the success of your business. Market research helps when making this choice. As a starter, you have to market after all, get to know and want to stay informed about the latest developments. The results of a market and sector research, with which you can enter the current market in concrete terms maps play an important role in determining your marketing strategy.

From material to a building or a vehicle. Find out which business resources you need to start and show how to get the money for these investments. Beat you to the bank, you prefer to borrow from family and acquaintances or are you thinking of crowdfunding, for example? If you like money need someone else, it's important to be here to tell what you have to offer potential investors. And not only that: how and when you get the lenders is also a question that must be answered to become. Your business plan is not without a financial picture complete. It states how much money you need to purchase a start a business, where you get this capital from and how much profit you think you will make. A good financial plan consists of five budgets. 1. Investment budget Which investments are necessary and what do they cost? 2. Financing budget How are you going to pay for these investments? 3. Operating budget Here you make an estimate of the expected turnover and cost. 4. Liquidity budget This is a periodic overview of the income and expenditure. 5. Personal budget Calculate how much money you need privately to make ends meet.

Describe why this is the ultimate time to do for yourself to start. You may no longer want to work for a boss, are you looking for freedom or maybe you just have a brilliant idea. Support the argument with current ones information about your industry and / or region. Which current developments make your product or service right now promising?

Research about what entrepreneurial skills you have disposes of it and put it on paper. Conversations with people from your immediate environment can help with this. The one person may have a knack for networking and bringing in of customers, but again is not a hero in keeping up the administration. More insight into your entrepreneurial type and inner motivation helps in making a flying one Start. For example, you come to the conclusion that you are a specialist knowledge is lacking? Then this can be a reason to hiring staff, outsourcing certain tasks or enter into partnerships with others entrepreneurs. Then follow the steps above and check your business plan to make sure you haven't forgotten anything.

If you have followed all the steps above, you will go to your business model that tells you how you will make money in the future. For this you make an estimate of the expected turnover, price and maximum amount of orders that you can accept. The Business Model Canvas is one handy tool to properly map out all those business aspects when it has been completed in full. .