NEW VENTURE CREATION: FROM FEASIBILITY CONCEPT TO BUSINESS PLANBusinessEditors Pick by Bernard Taiwo - June 7, 20220 NEW VENTURE CREATION: FROM FEASIBILITY CONCEPT TO BUSINESS PLAN Simply stated, feasibility is about the business idea and testing the business concept. The business plan is about the execution strategy that will bring that idea to market. The business plan serves three purposes: (1) it serves as a reality check for
WHY BUSINESS PLANNING IS IMPORTANT FOR BUSINESS SUCCESSBusinessEditors Pick by Bernard Taiwo - September 23, 20210 WHY BUSINESS PLANNING IS IMPORTANT FOR BUSINESS SUCCESS …Key steps in the planning process Business planning, also known as strategic planning or long-range planning, is a management directional process that is intended to determine a desired future state for a business entity and to define overall strategies for accomplishing the desired state.
HOW TO SUCCESSFULLY PRESENT A BUSINESS PLANDon't MissEditors PickManagement by Bernard Taiwo - December 27, 20190 It is not uncommon, particularly if the plan is being used to seek capital, for the entrepreneur to be asked to do a presentation of the business concept, highlighting the key points of the business plan. Usually this occurs after the potential funders have read the executive summary and perhaps
COMMON MISTAKES IN DEVELOPING A BUSINESS PLANDon't MissEditors PickManagement by Bernard Taiwo - December 23, 20190 The following are errors that entrepreneurs commonly make when developing a business plan, particularly when the audience is made of investors. 1. Projecting rapid growth of a venture beyond the capabilities of the founding team. This is a common problem. The new venture shows potential for rapid increasing demand, sales doubling or
HOW TO EFFCTIVELY ORGANIZE A BUSINESS PLANDon't MissEditors PickManagement by Bernard Taiwo - November 18, 20190 Mistakes In Developing A Business Plan The following are some errors that entrepreneurs commonly make when developing the business -plan, particularly when the audience is made up of investors. 1. Projecting rapid growth beyond the capabilities of the founding team. This is a common problem. The new venture shows potential for rapidly increasing
HOW TO DEVELOP A BUSINESS CONCEPTDon't MissEditors PickManagement by Bernard Taiwo - September 12, 20190 A business concept is a concise description of an opportunity that contains fo0ur critical elements: the customer definition; the value proposition (or benefit to the customer) and the compelling story, the product /service; and the distribution channel or means of delivering the benefits to the customer. The business concept can be
