I'm an insider the industry in my hood. And im trying to get a crew together that would want to be an llc and then open up another llc.. any thoughts or comments about trying to lower cost for a start up? I'm trying to do this because i currently work at a taco shack that has a long and prosperous history with my city. And because I'm partially hispanic I think i could tell everyone that I am working for the common good here.
Mostly a business plan is an opportunity to show people that you have done your homework. They aren't even read in depth, they just want to see that you have gone through the different steps involved and have the agency to produce a decent document.
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Originally posted by MORALLY SUPERIOR BEING V: A Cat-Girl/Boy Under Every Bed
Yes, I even had to do one in 2 hours one time.
Mostly a business plan is an opportunity to show people that you have done your homework. They aren't even read in depth, they just want to see that you have gone through the different steps involved and have the agency to produce a decent document.
gadzooks
Dark Matter
[keratinize my mild-tasting blossoming]
I haven't written a full business plan for the purposes of an actual proposition, but I have definitely looked into it before.
Essentially, it's about demonstrating potential value. There are lots of different elements to a business plan, and which parts you emphasize will depend on the approach to providing value that you end up going with.
You have to demonstrate how you will stand out compared to other currently existing businesses already doing the same thing. In marketing textbooks, a very common trope is: Price, Product, Promotion, and Place.
1. Price: This is about targeting customers based on lower prices. Think of bagged cereal and other "no-name" alternatives to the big guns. 2. Product: This is about providing a higher quality product. This would be the luxury cars (Lexus, Roll's Royce, etc) vs the everyday casual cars (Ford, Toyota, etc). 3. Promotion: This is about how you're getting the word out about your product. So your product might be average in price, and average in product, but you use techniques such as viral marketing and so on to get customers hooked on your brand. 4. Place: This is about how customers access what you're selling. You can differentiate yourself here by offering home-delivery, or something like mailing DVD's to people for rental (i.e. Netflix before it was a streaming media service).
Once you've isolated your fundamental value proposition, then you can fill in the standard business plan sections as needed (startup funding plan, budgeting, etc).
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Originally posted by gadzooks
I haven't written a full business plan for the purposes of an actual proposition, but I have definitely looked into it before.
Essentially, it's about demonstrating potential value. There are lots of different elements to a business plan, and which parts you emphasize will depend on the approach to providing value that you end up going with.
You have to demonstrate how you will stand out compared to other currently existing businesses already doing the same thing. In marketing textbooks, a very common trope is: Price, Product, Promotion, and Place.
1. Price: This is about targeting customers based on lower prices. Think of bagged cereal and other "no-name" alternatives to the big guns. 2. Product: This is about providing a higher quality product. This would be the luxury cars (Lexus, Roll's Royce, etc) vs the everyday casual cars (Ford, Toyota, etc). 3. Promotion: This is about how you're getting the word out about your product. So your product might be average in price, and average in product, but you use techniques such as viral marketing and so on to get customers hooked on your brand. 4. Place: This is about how customers access what you're selling. You can differentiate yourself here by offering home-delivery, or something like mailing DVD's to people for rental (i.e. Netflix before it was a streaming media service).
Once you've isolated your fundamental value proposition, then you can fill in the standard business plan sections as needed (startup funding plan, budgeting, etc).
Is this for the bank or someone to get investment? They generally like businesses that are similar to other established businesses. They're going to look for a team who exhibit experience and seriousness and a firm grasp on how to spend money carefully. You need to demonstrate to them that your business is sensible, you have a plan you are prepared to follow and not wind up changing without considering the consequences, that you have leeway if things don't go exactly according to plan, and that you won't do something silly like wind up running out of money 6 weeks in.
Originally posted by Misguided Russian
werent you supposed to leave NIS?
i did for 5 days, longer than any of you faggots, plus that was joke, some of you gonts really lack nuance, but i will be leavinging next weekend as im going to vegas for vactation with jackie.
Originally posted by MORALLY SUPERIOR BEING V: A Cat-Girl/Boy Under Every Bed
Is this for the bank or someone to get investment? They generally like businesses that are similar to other established businesses. They're going to look for a team who exhibit experience and seriousness and a firm grasp on how to spend money carefully. You need to demonstrate to them that your business is sensible, you have a plan you are prepared to follow and not wind up changing without considering the consequences, that you have leeway if things don't go exactly according to plan, and that you won't do something silly like wind up running out of money 6 weeks in.
business plan : money begets money. more money begets even more money, so the more money your willing to lend me the more money i can make for you and me.
instead of having a sound business plan you should look for those ecentric venture capitalists who're eager to throw their money around.
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