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EVERGREEN BUSINESS PLAN QUESTIONS FOR ENTREPRENEURS


January 27, 2014 Facebook Twitter LinkedIn Google+ STARTUPS & SMEs NEWS


 

entrepreneur

As an entrepreneur or intending entrepreneur, the underlisted questions must be thoroughly answered in your business plan before you would succeed in that venture.

  • What problem would the company’s product or service solve? What niche will it fill?
  • What is the company’s solution to the problem?
  • Who are the company’s customers, and how will the company market and sell its products to them?
  • Who are the suppliers and raw materials or inputs easy to access?
  • What is the size of the market for this solution?
  • What is the business model for the business (how will it make money and sustain itself)?
  • Who are the competitors and how will the company maintain a competitive advantage?
  • How does the company plan to manage its operations as it grows?
  • Who will run the company and what makes them qualified to do so?
  • What are the risks and threats confronting the business, and what can be done to mitigate them?
  • What are the company’s capital and resource requirements?
  • What are the company’s historical and projected financial statements?