Solving the startup puzzle
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The document outlines essential steps for entrepreneurs before starting a business, emphasizing the importance of having a unique idea and understanding its value proposition and revenue model. It encourages thorough research on customer needs and competitor analysis, as well as the formulation of a clear business model and financial projections. In the end, it presents the need to consolidate all this information into a comprehensive business plan.
Solving the startup puzzle
- 1. what every ENTREPRENEUR must do Solving the Startup © BPLANEXPERTS.COM Puzzle
- 3. What is your idea?
- 4. What is your idea? Is it unique?
- 5. What is your idea? Is it unique? Why do you want to do it?
- 6. What is your idea? Is it unique? Why do you want to do it? Why this idea?
- 7. What is your idea? Is it unique? Why do you want to do it? Why this idea? How do you want to do it?
- 8. What is your idea? Is it unique? Why do you want to do it? Why this idea? How do you want to do it? How will you make money?
- 9. What is your idea? Is it unique? Why do you want to do it? Why this idea? How do you want to do it? How will you make money? Why will customers pay you for this?
- 10. So what will you do with this?
- 11. L tissue paper idea
- 12. We have all the pieces in place Lets understand where would they fit Lets start solving the PUZZLE
- 13. How will your business interact with your stakeholders? Key to any venture is its BUSINESS MODEL
- 14. Get your business model RIGHT
- 15. Source: Business model generation, Alexander Osterwalder
- 16. Who are your customers? What are their needs?
- 17. What value does your business provide to your customers?
- 18. Through what channels would you reach your customers?
- 19. How would you service your customers?
- 20. How would you earn revenue from your customers?
- 21. Identify your key resources required to run your operations.
- 22. Identify your key activities required to run your operations.
- 23. Identify your strategic partners and mode of engagement with them.
- 24. Detailed forecasting of expenses
- 25. Great !!! You have solved the first part of the puzzle Now, lets dig deeper
- 26. MONEY grow on trees Revenue Model well in advance
- 27. How will you make money?
- 28. Where would the money How come from?
- 29. Where What would be How the price?
- 30. Why would Where What customers pay How you?
- 31. Where What When would you Why break even ? How
- 32. PROCEED UNLESS YOU HAVE ALL THE ANSWERS
- 33. RESEARCH done
- 34. Understand the key in your industry. Identify the and
- 35. Analyze what your CUSTOMERS want?
- 36. Identify, analyze & understand your COMPETITORS
- 37. Collate all your research and analyze the OPPORTUNITY
- 38. time for a PIT STOP Enhance your original plan based on your findings
- 39. Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before Sun Tzu
- 40. Lay out all the strategies & tactics required to run your venture
- 41. almost there
- 42. about the MONEY
- 43. Calculate your costs Project your sales List your startup expenses Prepare financial statements
- 45. Join all the pieces and you have your BUSINESS PLAN
- 47. Congratulations !!! You are now READY
- 48. Wish you all the best. hesitate to reach us.