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At one point you have had an experience or come across a window of opportunity that has inspired you to think of an idea. For a while you have been postering on this idea and now want to turn it into a business. Learn more about what you will need to get your business up and running.
This is a study that helps you identify whether or not your idea is viable (lucrative). The study addresses the innovation and needs for your product or service, the availability of customers, the ability to enter the industry, the credibility of the team behind the idea and weighs costs to set up the product or service using real-time evidence. NB: this is very important as commercial banks and institutions such as CEDA expect this data to be available before providing any form of funding. Remember to also find out all possible licensing requirements needed in your industry in order for you to have a successful business!
This is a guide that helps view the business from an aerial point. Your Feasibility Study has proven that your idea/ business is viable. Now you will need to figure out how everything will come to play and that’s the job of the Business Model Canvas. Allows you to consider exactly what are the inputs and the outputs of your business from all relevant angles.
When starting a business, you have to know the policies, laws or acts and the licenses that affect your business. This definitely includes institutions that develop and enforce these regulations. Having access to this information guarantees your product or service a smooth transition from concept to shelf.
This is a guide that helps view the business from an aerial point. Your Feasibility Study has proven that your idea/ business is viable. Now you will need to figure out how everything will come to play and that’s the job of the Business Model Canvas. Allows you to consider exactly what are the inputs and the outputs of your business from all relevant angles.
This is a document that will help you communicate your game plan effectively to prospective stakeholders. Providing a detailed Business Model Canvas which has been enlightened by your Feasibility Study. All this information should be included for greater understanding and to provide a narrative of how the business will be operating as a whole and how it will perform in the long run.
One morning, when Gregor Samsa woke from troubled dreams, he found himself transformed in his bed into a horrible vermin. He lay on his armour-like back, and if he lifted his head a little
One morning, when Gregor Samsa woke from troubled dreams, he found himself transformed in his bed into a horrible vermin. He lay on his armour-like back, and if he lifted his head a little
Retail
