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SPEED-You-UpD2.3.3 businesscheck

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Market analysis check

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Community analysischeck

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Goalcheck

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Target group check

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added valuecheck

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Plan of action&Budgetcheck

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Operationscheck

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Evaluationcheck

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Result

Almost at the finish line!

SPEED YOU UP!

You reached the end! Great job!

It is important that you describe exactly what your product isor service, what you want to achieve with it and howthe process is proceeding. For example, are you going to translate textsfrom Dutch to Russian? Then determine whether youare only a translator or can also become an interpreterhired. Maybe you will start a deli.In that case, indicate whether you want the products only physically or alsois going to offer online. Below you concretely describe thecost structure and conditions. And if you own productsmanufacturing, importing or exporting, this is the placeto explain that whole process.After the problem, it is now time for your solution. Whichalternative are you going to offer customers and / or clients? Caremake sure you describe the solution clearly and go ahead if necessarydon't shy away from obstacles. Your reader is often just as good (if notbetter!) aware of possible bottlenecks. Describehow you want to deal with this. Also consider with which partiesyou may be able to work together.

As a starter you naturally want to distinguish yourselffrom the competition. Therefore describe concretely for whichproblem you offer a solution. For example, sketch thecurrent situation of a client and tell us concretelywhat problem that company is facing. Then watchwhether there are research results and figures that as furtherevidence of your findings. That can be abe a report from the Central Bureau of Statistics (CBS)or a trade association.

It is important that you describe exactly what your product isor service, what you want to achieve with it and howthe process is proceeding. For example, are you going to translate textsfrom Dutch to Russian? Then determine whether youare only a translator or can also become an interpreterhired. Maybe you will start a deli.In that case, indicate whether you want the products only physically or alsois going to offer online. Below you concretely describe thecost structure and conditions. And if you own productsmanufacturing, importing or exporting, this is the placeto explain that whole process.

Describe your business idea in clear terms. Dopreferably in one to two sentences and make it concretepossible. Why are you starting this business? Who actually? Andwhat do you think you can achieve with it? These questions take care of itthat you think carefully and critically about your plans. It's alrightfurthermore, that you are the reader of the business planmakes you curious. If you want the bank or investorsconvince, then you better clear your goalsarticulate.

Who will pay money for your product or service?Determining the right sales market is an important factorfor the success of your business. Market research helpswhen making this choice. As a starter, you have to marketafter all, get to know and want to stay informed aboutthe latest developments. The results of a market andsector research, with which you can enter the current market in concrete termsmaps play an important role in determiningyour marketing strategy.

From material to a building or a vehicle. Find out whichbusiness resources you need to start and showhow to get the money for these investments. Beat youto the bank, you prefer to borrow from family and acquaintances orare you thinking of crowdfunding, for example? If you like moneyneed someone else, it's important to be hereto tell what you have to offer potential investors.And not only that: how and when you get the lendersis also a question that must be answeredto become.Your business plan is not without a financial picturecomplete. It states how much money you need to purchase astart a business, where you get this capital from andhow much profit you think you will make. A goodfinancial plan consists of five budgets.1. Investment budgetWhich investments are necessary and what do they cost?2. Financing budgetHow are you going to pay for these investments?3. Operating budgetHere you make an estimate of the expected turnover andcost.4. Liquidity budgetThis is a periodic overview of the income and expenditure.5. Personal budgetCalculate how much money you need privately to make ends meet.

Describe why this is the ultimate time to do for yourselfto start. You may no longer want to work for a boss,are you looking for freedom or maybe you just havea brilliant idea. Support the argument with current onesinformation about your industry and / or region. Which currentdevelopments make your product or service right nowpromising?

Research about what entrepreneurial skills you havedisposes of it and put it on paper. Conversations with people fromyour immediate environment can help with this. The one personmay have a knack for networking and bringing inof customers, but again is not a hero in keeping upthe administration. More insight into your entrepreneurial type andinner motivation helps in making a flying oneStart.For example, you come to the conclusion that you are a specialistknowledge is lacking? Then this can be a reason tohiring staff, outsourcing certain tasksor enter into partnerships with othersentrepreneurs.Then follow the steps above and check your business plan to make sure you haven't forgotten anything.

If you have followed all the steps above, you will go to your business model that tells you how you will make money in the future.For this you make an estimate of theexpected turnover, price and maximum amount of ordersthat you can accept. The Business Model Canvas is onehandy tool to properly map out all those business aspectswhen it has been completed in full..