Starting and Building Your Business

In our series of making the Business Plan, we come to the section of the Operational Strategy and Plan. Though relatively simple, it involves the most controllable factor in the whole business plan. In essence, the Operational Plan, is how the company is going to execute its vision. What steps are they going to take and what resources are they ...

A great product is nothing if the customer is unaware of its existence. In order to portray your vision of building a great company, you need to show how you would get your product to the market. Who are your customers and how would you make them aware of your offerings, enticing them to buy. In this section of the ...

Business plans are not made overnight. They take considerable amount of time and effort and are acknowledged as a resume for your business for good reason. Like a business plan, a resume is no assurance for getting you a job but can significantly increase your chances of securing an interview. In the same way, a business plan may not get ...

Having a great idea and singling out an opportunity is only the very first step of entrepreneurship. The next steps need elaborate planning outlined into what is known as a business plan. It is a document that evolves an idea, in the early stages of its infancy, into an opportunity worth investing. Taking our succession of discussing the various sections ...

Having discussed the importance of an executive summary and company’s background in the previous weeks, this week we will shed light on the section of the business plan that elucidates a company’s mission statement, vision, goals and objectives. The following helps one comprehend how this section serves as that single most essential ingredient that can help you prepare the perfect ...

Given the fact that a business plan is the most powerful weapon you have in your arsenal to convince investors to capitalize on your idea, it will only be justified to think of an impressive business plan as a preamble to success. Once an exciting executive summary is in place, the next step in the development of the business plan ...

The Business plan is unmistakably the most important document for any business. Capturing the essence of the business idea, formulated strategies and milestones that have to be achieved, a business plan can be thought of as a roadmap aimed at ensuring that one stays right on track. A crucial part of this business plan is the executive summary and the ...

A well-written business plan is one that captures the thought process of the entrepreneur and the company’s founders, to tell a convincing story to third parties who may have no preconceived ideas about your plan. In particular, it is the only way to convince potential investors to look at your company, to decide whether or not to invest with you. ...

Today we share a Mr Inderjit’s experience in fundraising his book – The Art and Science of Entrepreneurhship, on his experience of Fundraising. I have varying experience in fund raising exercises. I have raised funds from family members, angel investors, venture capitalists, as well as private and public companies, mostly for equity financing of various companies I started. I also ...

This third rule of thumb may seem to contradict the first two rules, but it is a very important discipline entrepreneurs should try to make a habit of. I say many entrepreneurs forget to do this, because understandably, when the company still has funds, people tend to get comfortable and neglect to focus on fund raising. But if each of ...