Solving The Startup Puzzle

what every ENTREPRENEUR must do Solving the Startup© BPLANEXPERTS.COM Puzzle

BEFORE YOU START

What is your idea?

What is your idea?Is it unique?

What is your idea?Is it unique?Why do you want to doit?

What is your idea?Is it unique?Why do you want to doit?Why this idea?

What is your idea?Is it unique?Why do you want to doit?Why this idea?How do you want to doit?

What is your idea?Is it unique?Why do you want to doit?Why this idea?How do you want to doit?How will you makemoney?

What is your idea?Is it unique?Why do you want to doit?Why this idea?How do you want to doit?How will you makemoney?Why will customers payyou for this?

So what will youdo with this?

Let’s call this a tissue paper idea Change makes everything better”

We have all the pieces in placeLets understand where would they fitLets start solving the PUZZLE

How will your businessinteract with yourstakeholders?Key to any venture is its BUSINESS MODEL

Get your business model RIGHT

Source: Business model generation, Alexander Osterwalder

Who are your customers What are their needs? customers?

What value does your business provide to your customers?

Through what channels would you reach your customers?

How would you service your customers?

How would you earn revenue from your customers?

Identify your key resources required to run your operations.

Identify your key activities required to run your operations.

Identify your strategic partners and mode of engagement with them.

Detailed forecasting of expenses

Great !!!You have solvedthe first part ofthe puzzleNow, lets dig deeper

MONEY doesn’t grow on trees It’s important to work out yourRevenue Model well in advance

How will youmake money?

Where would the moneyHow come from?

Where What would beHow the price?

Why would Where What customers payHow you?

Where What When would you Why break even ?How

DON’TPROCEED UNLESSYOU HAVE ALL THEANSWERS

Let’s get some RESEARCH done

Understand the key in your industry. Identify the and

Analyze what yourCUSTOMERS want?

Identify, analyze & understand your COMPETITORS

Collate all your research and analyze theOPPORTUNITY

time for a PIT STOPEnhance your original plan based on your findings

Strategy without tactics is the slowestroute to victory. Tactics without strategy is the noise before defeat ” – Sun Tzu

Lay out all the strategies & tactics required to run your venture

almost there

let’s talkabouttheMONEY

Calculate yourcostsProject your salesList your startupexpensesPrepare financialstatements

what’s next

Join all the pieces and you have yourBUSINESS PLAN

Congratulations !!!You are now READY

Wish you all the best.If you need any help, don’thesitate to reach us.

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Solving The Startup Puzzle

by Array Consultancy Services

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