Hello, this is my first post, I hope you like it! I want to give the information in English and Spanish, I am not bilingual but I will use translators and in this way we will also know how effective they are for communication.
You like #money and want to learn how to generate it, here are some steps and my opinion.
The entrepreneur's objective is, from an initial idea, to have the initiative and the decision to undertake a business project that will allow him to enter the market either by manufacturing a product or by providing a service.
Starting a business, undertaking, is very different from running or working for a company. The entrepreneur is who has the intention and creates a company.
From an initial idea, the entrepreneur must have the decision to make his idea come true. For this, you must have the necessary information and tools to facilitate the process.
Decision to undertake
The initial idea
Every business project is developed around an idea, which arises as a consequence of the detection of a business opportunity. The emergence of the idea to create a company varies depending on the circumstances of each person / persons. There are many factors that can lead a person to lean towards a specific business. In general, the factors that determine the choice of the idea are:
Repetition of other people's experiences: it is the reflex effect of new businesses, which occurs frequently in times of expansion of the economy.
New business opportunities in poorly supplied markets, newly created or with a high percentage of growth.
The experience of the future businessman, who has been a worker or manager of another business and who wants to become independent.
Business Plan
The business plan is a fundamental tool for any entrepreneur. It is a document that explains the project from the business idea to the profitability potential, passing through all kinds of information on the operation and various requirements.
Tips for the business plan:
Be concise and get to the point. Investors and finance companies receive dozens of proposals daily, and they go to the essentials. That is why it is so important to attract attention with a good pitch (summary of the business idea) and a good executive summary.
Based on facts. It is very difficult to make a realistic forecast of sales (which then conditions the credibility of the entire report). There is no need to be too optimistic (because nobody believes the approach), nor too pessimistic (because then it is not profitable). It is very important to look for contrasted references that serve as a basis for the hypotheses.
Speak in the present. When presenting the project, it is much better to speak in the future than in conditional, but even better to speak in the present. If we talk about what we are doing, the project immediately becomes a reality in progress, and not a vague dream. By itself, it is not something that will make approval of the financing, but it gives an additional touch of credibility.
Be professional at all times. Conveying an image of security, precision, knowledge and professionalism does a lot.
Business Plan Simulator
Currently there are #business simulators that guide pre-university and future entrepreneurs who are carrying out the business plan of a company of services or technological products.
These tools allow to reinforce the business plan with reports of projections of the results to be achieved in the different areas of the company.
In addition, different scenarios (optimistic, normal and pessimistic) are exposed, being able to include extraordinary events that may occur in the economic and market context.
Start up :D
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