Craig is right, you'll need 3-5 year (you might aswell do 5 year btw) financial projections; a spreadsheet of course, with summary yearly costs/EDITDA etc on a slide in your deck. The plan can take the form of a slide deck. Use something like this as a template: 10 to 15 Slides COMPANY PURPOSE...
Congratulations for this wonderful achievement. I am pretty sure it would be a good idea. I am an expert in fundraising and investment, I could help you develop a strategy to target and land the investment you need. Contact me for more :)
The best online business is that of E-commerce. E-Commerce businesses may employ some or all the following: 1. Online shopping websites for retail sales direct to consumers, 2. Providing or participating in online marketplaces, which process third-party business-to-consumer or consumer-to-consum...
Having been in the same position I can empathize. It's normal to be both excited and scared. There are risks but also great rewards in creating a successful company. Different people will have different ways of deciding when to go all in. My approach (which may or may not be applicable) was ...
Pandemic is the new normal that we will face in the future as well, this is what WHO foretold. Apart from global warming, and climate change, pandemic is also a reality. The only business model that fits in this world of 2021 is innovation. Business around the world must be prepared to innovate. ...
This really depends on the type of e-commerce platform and the platform on which it is built. For my e-commerce clients, with less than 1,000 products, the best business plan reference book would be The Success Principles by Jack Canfield. However, you must first understand the triggers you woul...
Hi, For a business that does not yet exist you would have to put a projection in your business plan. Then put what tool you would use to create the traction that will generate the sales. A traction is therefore what you will or are using to create the traffic to your product. How well are your cl...
A good name is unique, and stands out but should ideally create a positive association with it, especially your target demographic. When it comes to naming new products, companies will spend sometimes months and go through thousands of options before arriving on the one that they'll ultimately go...
Many companies bootstrap their product development by providing services. You can do so from one company. At the point when you believe that the focus of the two businesses is a full time job each, and the channels for sales, etc. are not congruent, then you may want to consider spinning out the ...
The previous answers are really excellent. Let me resume them quickly and add a fourth point which is critically important to help you putting all this together : 1 - keep in mind the psychological aspect to make sure you reach your goals : a book has a much lower value in people's mind than a...