Business Startup Strategy Presentation prepare by millionbusinessideas.com

1. New Business Startup
The Solid Strategy
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2. Define and Identify
Defining your business idea and identifying your target market are crucial steps in starting a successful business.
They help you to create a product or service that meets a real need and to target the right people who will benefit
from your offerings.
• Define Business Idea –
• Unique,
• Innovative,
• Fill a Gap
• Identify Target Market –
• Preferences,
• Behaviors,
• Age,
• Gender,
• Location
• Income
• Interests
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3. Market Research
Conducting market research is a critical step in assessing the viability of your business idea. It
helps you to identify your target market, analyze industry trends, understand your competition,
determine your pricing strategy, and identify potential partners and suppliers.
• Identify Target Market
• Analyze Industry Trends
• Understand Competition
• Determine Pricing Strategy
• Identify Potential Partners & Suppliers
• Choose Research Methods
• Analyze and Interpret Data
• Identify Potential Opportunities & Challenges
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4. Planning
Developing a business plan, including financial projections, is a crucial step in starting a
successful business. It helps you to identify your business goals, strategies, and financial
projections.
• Executive Summary
• Ideas, Goals, Strategies
• Business Description
• Describe Business, Products & Services, Target Market
• Market Analysis
• Opportunities, Competitive Advantage (Strengths)
• Marketing & Sales Strategy
• Operations Plan
• Financial Plan
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5. Legal Structure
Determining your legal structure and registering your business is an important step
in starting a new venture.
• Choose a Legal Structure
• Sole Proprietor, Partnership, LLC, Corporation
• Register Business
• Licenses & Permits
• Zoning, Health, Safety, Environmental
• Tax Registrations
• Company Tax, Employee Tax
• Insurance
• Liability, Property, Workers Compensation
• Hire Professionals
• Lawyers, Accountants can navigate legal and financial aspects
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6. Finance
Securing financing or investment is a critical step in starting a new business.
• Determine Financing Needs
• Startup Cost, Operating Cost, Revenue Projections
• Consider Financing Options
• Loans, Grants, Crowdfunding, Investments
• Prepare Financial Documents
• Business Plan, Projections
• Build Relationships
• Networking, Industry Events, Investors
• Negotiate
• Lenders, Investors
• Legal Compliance
• Securities Law, Tax Laws
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7. Location
Choosing a business location and setting up your physical or virtual office is an
important step in starting a new business.
• Location Suits Business Needs
• Space Requirements – Goals
• Physical VS Virtual
• Compliance
• Accessibility
• Budget
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8. Brand & Marketing
Developing a brand identity and creating a marketing strategy are important steps
in building a successful business.
• Define Brand Identity
• Create Marketing Strategy
• Content Marketing Plan
• Social Media Presence
• Invest in SEO
• Measure Results
• Ongoing Process
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9. Recruitment
Hiring employees, contractors or outsourcing tasks is an important step in growing
your business.
• Determine Staffing Needs
• ‘Tasks to be done, Own Employees, Outsourced Tasks
• Job Descriptions
• Hiring Process
• Training and Support
• Outsource Tasks Cost Effectiveness
• Compliance with Labour Laws
• Positive Working Environment
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10. Accounting System
Establishing accounting and bookkeeping systems is an important aspect of running a
successful business.
• Bookkeeping Method
• Charts of Accounts
• Accounting Software
• Track Income and Expenses
• Reconcile Accounts
• Hire a Bookkeeper or Accountant
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11. Final Word
• Starting and running a successful business requires a lot of hard work,
dedication, and perseverance. It's important to have a clear business idea
and a well-thought-out plan, but it's equally important to remain
flexible, adaptable, and open to change.
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