Dear Karishma,
You could have given a little more information about yourself and also start-up? What is your background? What is your position in the start-up? What is the nature of your business? What kind of market research did you do before starting a business?
The growth of a start-up depends on the business plan the owner has made. When I refer to "business plan", I mean to say the plan that is required from a management science point of view and not a plan that is submitted to the bank to get a loan. Secondly, while making a plan, whether it was comprehensive or not also matters. The average business plan has the following components:
Part I: Foreword
Part II: - The Executive Summary
Part III: - Introduction to the Business
Part IV: - The Product
Part V: - The Market
Part VI: - Costing, Pricing and Sales Forecast
Part VII: - The Marketing Plan
Part VIII: - The Manufacturing Plan (Trading Plan if the product is not manufactured)
Part IX: - Organisation and Staffing
Part X: - Financial Forecasts - Revenues, Cost and Profitability
Now I recommend you do an audit of your business plan with the above parts and find out what is missing in it.
By the way, the business plan has to be made before starting a business and not after. Earlier, I had given a comprehensive reply to a similar query. You may click here to refer to it.
Thanks,
Dinesh Divekar
From India, Bangalore
7855You could have given a little more information about yourself and also start-up? What is your background? What is your position in the start-up? What is the nature of your business? What kind of market research did you do before starting a business?
The growth of a start-up depends on the business plan the owner has made. When I refer to "business plan", I mean to say the plan that is required from a management science point of view and not a plan that is submitted to the bank to get a loan. Secondly, while making a plan, whether it was comprehensive or not also matters. The average business plan has the following components:
Part I: Foreword
Part II: - The Executive Summary
Part III: - Introduction to the Business
Part IV: - The Product
Part V: - The Market
Part VI: - Costing, Pricing and Sales Forecast
Part VII: - The Marketing Plan
Part VIII: - The Manufacturing Plan (Trading Plan if the product is not manufactured)
Part IX: - Organisation and Staffing
Part X: - Financial Forecasts - Revenues, Cost and Profitability
Now I recommend you do an audit of your business plan with the above parts and find out what is missing in it.
By the way, the business plan has to be made before starting a business and not after. Earlier, I had given a comprehensive reply to a similar query. You may click here to refer to it.
Thanks,
Dinesh Divekar
From India, Bangalore
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