1 / 13

Launching Your Business: From Idea to Operation

Explore the entrepreneurial journey, from idea generation and team building to business planning and government approvals. Discover various business ideas like car wash, groceries store, and more, and learn about the essential components of a business plan and business model. Understand different types of business models and the stages of building a successful business.

lesterb
Download Presentation

Launching Your Business: From Idea to Operation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The entrepreneurial journey…

  2. The entrepreneurial journey…

  3. How to start a business • Idea generation • Make a team • Make a business plan • Obtain approval from government • Register a company • Register with the tax office • Open a bank account • Start the operation

  4. Various business ideas • Car wash business • Groceries store • Dry cleaning business • Electronic repair shop • A market research company • Processing & packaging company • A restaurant • Farming business • Consignment shop • Ecommerce business • Child care service • Photography • Dance/yoga teacher etc.

  5. Before starting a business Make a business plan • Executive summary • Business description • Market analysis • Customer analysis • Competitive analysis • Organizational structure • Sales strategies • Financial planning & budgeting

  6. Two most important components of a business plan

  7. Business model • Sub set of a business plan • A description of how a business makes money Components of business model • Projected startup costs and sources of financing • Target customer base • Marketing strategy • Competition • Projections of revenues and expenses

  8. Types of business model Business model focus on • How the company delivers value to customers • Gets them to pay for that value, and • Converts those payments to profit Major types Manufacturer Distributor Retailer Franchise

  9. Other types of business model • Direct sales • Franchising • Advertising based • Brick-and-mortar • Brick-and-clicks • Freemium model • Subscription model • Nickel-and-dime (AirAsia) • High touch • Low touch etc.

  10. 5 stages of a successful business…

More Related