On Monday i.e 11th December 2017, there is an event of new startup company. The name of company is Buziness Plan Labs co.
This new startup is all about evaluating new business plan. As we all know that business plan is extremely effective for new startups all across the globe. This company will evaluate the business plan and will generate the quality score based on the ideas and approach. We are looking forward to attend this event on Monday.
The company is currently up and running. The goal of this company to help new startups in getting funding as they also guide the startups on how to approach different investors for funding. The company has successfully helped 5 startups in last 3 months.
An effective business plan is a key to success and one cannot make a successful plan without help of experts in this field. One can also find business plan online but those plans are already used and you need to create a new plan according to your business strategy. Also, you can get ideas from those business plans but at the end you have to create your own for success.
The founder of the company has very clear vision and in our last meeting he addressed important points which every startup should focus:-
Importance of Business Plan
Starting a business requires some thorough bit of research. You need to know your market base and the demands of your target audience before you decide how you wish to go about setting up your business.
If you have a product then decide on whether you wish to cater to only one gender or both. Once that is done, the next step would be a good marketing move would be to create a signature look for all your products. A signature style not only gives your product a distinctive branding but also works as a great way of marketing your product.
Further he added,
Next up, for every new startup in manufacturing sector of any products – you need to find a manufacturer who can implement all the elements of the designs that are created on paper and turn them into actual creations. While these procedures are on, you also need to decide on a distinctive brand name for your business and get it registered first before doing any thing.
He also said that, A trader’s license is also a must. For all the basic legalities that need to be covered, hire a professional corporate lawyer. Once the products are ready for sale, it is time to market your line. While the most obvious way out is to set up your own shop to showcase your products live, it is best not to restrict yourself to this mode of marketing only.
It is, after all the age of the internet and online shopping is all the rage, what with people having lesser time on their hands to go out and shop at malls or designated stores. Sign up with the likes of Amazon, EBay etc. and instantly gain access to a huge consumer base.
Also, he said that you could also set up your own website for some strategic marketing. Keep your prices competitive and you’ll have a successful business up and running in no time.