How to write a concept

Many of us dream to open a business to only work on yourself, be your own boss and decide what hours to work, and in which to relax. But in order to open a business, you need to know what you will do and write the concept of the project. This is the first step to creating your own business Empire or the conclusion of an important transaction.

You will need

- Notepad
- Handle

Instruction

To write the concept, you first need to decide on a business idea. To do this, think about what you know best, highlight your strengths, write down a few ideas and projects that, in your opinion, would you be able to bring to life.

Within a few days consider all the pros and cons of each come up with ideas, think about how it can be profitable, select the project target audience, look for information about competitors, their experience, etc. based On these data, select one business idea.

Once you have decided on a business idea, it's time to consider its detailed concept. First things first, decide who your target audience is, what services you can offer, what differentiates you from competitors, etc.

The next step a detailed concept is the creation timing, in other words, the schedule of your project. What will you do, in what sequence, and what results you expect to achieve in one stage or another run the project?

Display in the concept of all possible risks associated with the project: legal, political, competitive, etc. Assessment and mapping of risks will help to adequately assess the value of your ideas and project.

Write in the concept of all of the staff you'll need for the project. Calculate all possible staffing costs and the required specialization of employees.

Calculate in the concept estimated budget of the project, at least for the first year: how much you plan to spend and on what, and whether you think that it will be possible to earn something? This information will be very important for the potential investor of the project, and for you.

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