Report question

Note: your identity will not be shared with the person who sent you this message.
This field is required

As a start-up entrepreneur, Would you start your business development process with a business plan or with a business model development

Sign in to answer

18 answers

You need to start with bussnes plan that will direct to the model of bussnes and how to run it

Report Francis Thomas's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

Iboyi hi. The recommended order is: 1) market evaluation related to your idea (product / service), i.e. https://articles.bplans.com/how-to-write-a-market-analysis/ 2) business plan, based on your market analysis, i.e. https://www.score.org/resource/business-plan-template-startup-business 3) business development, i.e. https://altametrics.com/en/business-development.html

Report Miguel 's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

You can get the first automatically when your business model development is well structured and flexible to replying all newest purposes

Report Chahir's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

Yes

Report zadok's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

Yes

Report zadok's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

A business plan

Report zadok's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

They say a good plan is half way to success. When you got a plan it is gonna be only executing it rightly, so when you got the good plan everything will move around it, so business plan first.

Report Senthil Kumar's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

I will like to start with a business development plan

Report Madina's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

Hello, I believe the most effective approach to go about it is to start with your business model, which you may think of as the skeleton of your company. This will be followed by the creation of the meat of your business plan, which will include sections such as marketing plans, sales plans, and operations plans, among other things.

Remember that the goal is to design a plan that you can share with your team in plain English and, more significantly, one that will assist you in reaching your business objectives. Keep this in the back of your mind at all times.

Report Thabo's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

Business Model.

Report Ragunathan's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

Report Elizabeth's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

Know what you want Know where you are Know where you want to get to Decide how long you want to take to get there Quantify the efforts you need Do the activities 10x

Report Waheed's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required
  1. Know your Why
  2. Know where you are
  3. Know where you want to get to
  4. Know the time expectation to achieve
  5. Quantify the efforts needed
  6. Do the activities 10x
  7. Your Business Plan/business model will kick in automatically

Report Waheed's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

I think you need to start, period. Spinning your wheels on the particular document that you write is a waste of time. Figure out what you're going to do, for whom, and how you will monetize that is your first step, and that can be captured on a post-it note. Start.

Report Jabari's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

Sell, sell, sell...!!!

First try to sell your product or service. If you can't sell it by getting in front of the prospect then how will you scale up and hire others to sell it?

Report Rick's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

The key words in your question are: " Business Development Process" Although a business model and a business plan for it are vital tools, Strategic Analysis in advance may save you time, money and effort.

Below is a simple test to develop your potential idea for a business.

  1. Do you have a product or service niche in mind?

  2. Do you believe you have a market for 1 above and the means to reach it?

  3. Are you willing to develop a business plan using the tool kit linked below to validate 1 and 2 above before you launch?

If the answer to the above questions is "Yes", use the below planning aids to design your business vehicle and the road map you intend to follow on your journey:

https://www.sba.gov/business-guide/plan-your-business/market-research-competitive-analysis

When you have completed the above definition and planning process you will then be in a position to astutely select the tools you wish to use along the way and apply them successfully.

You will be able to network your vehicle, pick up riders as industry partners, and attract revenue fuel in the form of customers by marketing and social networking based on the thorough definition and content of your business plan.

Don’t let poor judgments on technology detract from your idea as well as raid your treasury before you launch. Define your business vehicle and its journey first. Then pick the right technology tools to make a successful trip.

Report Kenneth's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

As a entrepreneur, first you need to very clear of what PROBLEM /PAIN are your solving or what GAINS are you adding for the market and your customers.

This process of validation of the problem will dictate your further steps in business, as well will refine your business model as you move forward.

Report Zain's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required