a minimum of 5 pages of content (excluding cover page and table of contents) for the final business plan
Nice start here! Please see below and let me know if you have any questions. Build out the user experience of the product (look feel, features). Rough drawings/sketches of product/s box/layout. How do customers find you, web only? How might you achieve a “proof of concept”? Fulfillment/Shipping: outsourcing production and fulfillment vs. keeping it in house. both have their own costs/challenges. If you are keeping it in house, then provide some detail on how you will scale this over time and the benefits of this over outsourcing. Competition: How exactly will you create value for the customer and gain a competitive advantage? Compare your idea, in detail, to 2 direct competitors’ items. Costs – continue to develop this regarding specific costs and details. any design costs? Employee costs? Insurance? marketing? etc. These will work into your income statement as well. Revenue- This will work into your income statement. Research specifics regarding competitor pricing and product margin. target market – are you starting with a local, regional, or nationwide focus? Research details regarding size and demographics for your initial geographic area. For everything you include in this project, please include your reasoning and support (if available). Thank you!
