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How to come up with an enterprise

How to come up with an enterprise

Video: How to create a successful social enterprise | Marquis Cabrera | TEDxTeachersCollege 2024, July

Video: How to create a successful social enterprise | Marquis Cabrera | TEDxTeachersCollege 2024, July
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Any enterprise, like everything that exists in our world, at first existed at the level of an idea in someone’s head. But then this business idea was brought to life. What is necessary in order to come up with an enterprise that could bring a good income?

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Instruction manual

1

To come up with an enterprise, you need not only rich imagination, but also economic thinking. It is important to remember that a good business idea is a product of intellectual work that is capable of generating money. To get closer to a perfect business plan, you should carefully analyze the market situation for an unoccupied market niche. If you understand that the population in a particular area is sorely lacking certain goods or services, you can safely begin the thought process.

2

Another situation arises when a completely new product or service is being marketed. In this case, it is important to think about the concept of the enterprise, the basic principles of pricing, advertising, PR. You need to understand what target audience your company will work on, from which profit will begin to be added up.

3

When the mental image of the new enterprise has already been lined up in the head, the turn comes to seek out sources of financing. From the investor's point of view, a profitable business idea that is worth investing in has a short payback period. It is also important for the investor that the newly created enterprise stands out against the background of competing companies. The goods or services of a new firm should be in demand among the population, and people should agree with the principles of pricing policy applied in this organization. In a word, there are all chances for the implementation of business plans of really needed and useful to society newly created companies, the promotion of which does not need fabulous sums of money.

4

If you came up with the idea of ​​a new business, but do not want to implement it yourself, you can profitably sell your idea. At the moment, there are sites on the Internet whose main focus is the sale and purchase of business ideas. Moreover, not all investors are versed in business and are able to predict future events. Sometimes an investor may like a project of a new company due to its name, slogan, unusual design, line of business and other nuances.

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