How To Write A Business Plan For A Startup

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The basic question here is: what is the problem my company solves and what is the opportunity it opens to my client / user?Remember that business idea you had that ended up in oblivion?Or that other idea that after a few months or years you found out someone else had the organization, resources and commitment to make it through to the market?When starting a company, every entrepreneur should develop at least a simple version of a business plan.It often makes sense to start rather basic and then elaborate as you prepare to approach bankers or investors.What are you set to change with your invention and work? Remember, the first months are the most difficult for a newborn company.Always include more in your forecast of needed capital than your real number.Once you have identified them, think about the motivation your client would have to buy and use your offered product.A company’s value proposition is what distinguishes it from its competitors.The deeper you know about the market you want to disrupt, the better.Spend as much time as needed doing your research, ask experts, read financial and industry papers and news, so you can have the best possible base to decide.

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