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Difference between revisions of "Talk:Our Barangay Inc. - OBI"
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→The Business Idea
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#What is it? | #What is it? | ||
#What type of product will you be selling? | #What type of product will you be selling? | ||
#* | #*Products & Services: Create a list showing the products / services you will be offering. Also look at how long it will take you to produce or procure them. Determine how much it will cost to buy or produce them and how much you can sell them for. | ||
#* | #*Suppliers: Identify preferred and alternative suppliers on a list and show products /services / prices on this list. Collect catalogues and brochures to assist this study | ||
#How will it work? | #How will it work? | ||
#How is it different from existing businesses? | #How is it different from existing businesses? | ||
#If it is similar to others, Are there competitors near you? | #If it is similar to others, Are there competitors near you? | ||
#*Competition: List your competitors and show their perceived strengths and weaknesses. For each main competitor, list two good points and two bad points. You need to understand why they are competition to your proposed business. | |||
#*Ask the Question: How can you attract their customers from them? Price is not the only answer. #*Map: Obtain a map and on it define your market boundaries, location, competitors, suppliers, and demographic information on your market. | |||
#Who will buy from you? | #Who will buy from you? | ||
#Who are the Key People? | #Who are the Key People? | ||
#*Who are they? Are they you, your partners, your family or any one else? | #*Who are they? Are they you, your partners, your family or any one else? | ||
#*Determine your/their skills and strengths and whether they help or hinder in the proposed venture? Create a one-page resume of each key person. This is not merely a job history, but a picture of each key person, showing pertinent strengths, skills, experience, training and qualifications. It will reveal to you and any potential lender, supplier, partners or agent, the operational/management strengths (and weaknesses) of you and your team. It will also show you the need to acquire any missing skills you can identify. | #*Determine your/their skills and strengths and whether they help or hinder in the proposed venture? Create a one-page resume of each key person. This is not merely a job history, but a picture of each key person, showing pertinent strengths, skills, experience, training and qualifications. It will reveal to you and any potential lender, supplier, partners or agent, the operational/management strengths (and weaknesses) of you and your team. It will also show you the need to acquire any missing skills you can identify. | ||