Dear Members,
I am working as an HR Executive for an Animation company. Our management is planning to start a new division in the IT industry. They have asked me to create a business model for the startup, which includes budgeting, the break-even point, revenue generation, marketing, advertising, HR aspects, customer approach methods, and more. Can anyone please help with some examples or ideas?
Thanks in advance!
Ramya
From India, Hyderabad
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3I am working as an HR Executive for an Animation company. Our management is planning to start a new division in the IT industry. They have asked me to create a business model for the startup, which includes budgeting, the break-even point, revenue generation, marketing, advertising, HR aspects, customer approach methods, and more. Can anyone please help with some examples or ideas?
Thanks in advance!
Ramya
From India, Hyderabad
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While starting a new business, what a business person is required to do is a "Business Plan" and not a "Business Model." You could have searched this forum before raising the query. Anyway, click the following links to read my replies to past posts:
- https://www.citehr.com/241975-i-want...ml#post1109999
- https://www.citehr.com/260478-starti...ml#post1181231
- Strategic Marketing Plan
The posts may not be related to your business; however, they will help you in designing market research. Secondly, for any business, whether in IT or otherwise, market research is key. Have you done that? If yes, then on what parameters? Any business plan without proper market research is useless.
Thanks,
Dinesh Divekar
From India, Bangalore
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- https://www.citehr.com/241975-i-want...ml#post1109999
- https://www.citehr.com/260478-starti...ml#post1181231
- Strategic Marketing Plan
The posts may not be related to your business; however, they will help you in designing market research. Secondly, for any business, whether in IT or otherwise, market research is key. Have you done that? If yes, then on what parameters? Any business plan without proper market research is useless.
Thanks,
Dinesh Divekar
From India, Bangalore
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Thanks, Dinesh, for your suggestions. I haven't done any market research actually; it's completely different from my knowledge. That's why I am taking suggestions from different sources to initiate the market research.
From India, Hyderabad
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From India, Hyderabad
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
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