Next Steps

5 important questions on Next Steps

As a preliminary step to writing the business plan, the ________  _____ describes the logic of how an organization creates, delivers, and captures value sustainably.

business model

What can a comprehensive business model define?

--how products or services can serve customer needs
--at what price they can serve those needs
--through what manufacturing and distribution channels
--at what financial costs to the business

What is an essential key to to adapting a business model, or even the product/service, before creating a full business plan?

prospective customer feedback
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What can early customer feedback add to your business model?

affirmation or rejection of your model to create a dramatically better business plan

What can you do with a well-researched business plan?

raise financial capital and proceed with launching a venture

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