Many of us dream of starting our own business in order to work only for ourselves, to be our own boss and to decide what hours to work and what to rest. But in order to start your own business, you need to know what you will be doing and write a project concept. This is the first step towards building your own business empire or making a big deal.
Necessary
- - Notebook
- - Pen
Instructions
Step 1
To write a 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, you would be able to implement.
Step 2
For several days, think over all the pros and cons of each idea you come up with, figure out how profitable it can be, select the target audience of the project, look for information about competitors, their experience, etc. Based on this data, select one business idea.
Step 3
Once you've decided on a business idea, it's time to come up with a detailed concept. First of all, decide who your target audience is, what specific services you can offer for it, how you differ from competitors, etc.
Step 4
The next step in the detailed concept is to create the timing, in other words, the schedule for your project. What will you do, in what sequence, and what results do you plan to achieve at this or that stage of the project launch?
Step 5
Show in the concept all possible risks associated with the project: legislative, political, competitive, etc. Risk assessment and mapping will help to adequately assess the value of your idea and project.
Step 6
List in the concept all the personnel you will need to implement the project. Calculate all possible staffing costs and the required specialization of employees.
Step 7
Calculate in the concept the estimated budget of the project, at least for the first year: how much do you plan to spend and for what, and do you think that you will be able to earn something? This information will be very important both for the potential investor of the project and for you.
