What is the basic requirement for starting a new business other than capital investment. Are contacts really necessary? Can marketing only benefit the initial stage?
From India, Mumbai
From India, Mumbai
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From India, Bangalore
8227From India, Bangalore
Prepare a report on the following lines you would analyse your new business yourself
FEASIBILITY REPORT
CONTENTS
1 Introduction
2 Year wise production build up and Estimated Sales Revenue
3 Market analysis - SWOT
4 Technology and Techno economic norms
5 Location, Infrastructure & Layout
6 Raw materials – requirement, specifications, sources etc
7 The plant and facilities
8 Environmental aspects and pollution control
9 Project execution and implementation schedule
10 Plant management and man power
11 Project cost and means of finance
12 Cost of production and financial analysis-ROI
From India, Bangalore
FEASIBILITY REPORT
CONTENTS
1 Introduction
2 Year wise production build up and Estimated Sales Revenue
3 Market analysis - SWOT
4 Technology and Techno economic norms
5 Location, Infrastructure & Layout
6 Raw materials – requirement, specifications, sources etc
7 The plant and facilities
8 Environmental aspects and pollution control
9 Project execution and implementation schedule
10 Plant management and man power
11 Project cost and means of finance
12 Cost of production and financial analysis-ROI
From India, Bangalore
1. The basic requirement for starting a new business depends entirely on the nature and activities. For example, a manufacturing factory will be different from an office-based service. Please provide details of your new venture.
2. Contacts are not necessary. People will do business with you if you can fulfill their needs at a competitive cost that adds value to them.
3. Marketing should be constant and carried out at all times. However, the degree and amount of marketing will depend on your ability to service your clients. The purpose of marketing is to ensure that you have a constant supply of new orders and new clients that will replace those you lose over time. Remember that your new clients were once somebody else's clients, and they lost them to you. Therefore, you are in constant danger of losing them to someone else!
From United Kingdom, Barrow
2. Contacts are not necessary. People will do business with you if you can fulfill their needs at a competitive cost that adds value to them.
3. Marketing should be constant and carried out at all times. However, the degree and amount of marketing will depend on your ability to service your clients. The purpose of marketing is to ensure that you have a constant supply of new orders and new clients that will replace those you lose over time. Remember that your new clients were once somebody else's clients, and they lost them to you. Therefore, you are in constant danger of losing them to someone else!
From United Kingdom, Barrow
For starting any business, it is very essential to know the ins and outs of the said business, i.e., you should have good experience in that field. This experience will help you understand the workings, and no one will be able to cheat you.
Apart from that, your experience will help you have good contacts, which is very essential when you start a business. Whatever marketing strategy you develop, people are not ready to invest in new vendors until they have done similar kinds of work in the same field.
Even if you are able to get a client, you have to continue marketing to acquire new clients if you want to maintain continuity in your business and keep your funds rolling.
From India, Mumbai
Apart from that, your experience will help you have good contacts, which is very essential when you start a business. Whatever marketing strategy you develop, people are not ready to invest in new vendors until they have done similar kinds of work in the same field.
Even if you are able to get a client, you have to continue marketing to acquire new clients if you want to maintain continuity in your business and keep your funds rolling.
From India, Mumbai
I have recently entered into the services business. You should always be prepared for anything that your business demands.
To fight a war, you must have an opponent, you must have ground to challenge and fight, you must have enough weapons, trained manpower, and of course infrastructure set up to sustain. The chances of winning the war go with excellent strategies and high morale. So be prepared for all this and you win.
From India, Vadodara
To fight a war, you must have an opponent, you must have ground to challenge and fight, you must have enough weapons, trained manpower, and of course infrastructure set up to sustain. The chances of winning the war go with excellent strategies and high morale. So be prepared for all this and you win.
From India, Vadodara
How Marketing skills can be improved to grow the buiness quickly ,Espcially to start up the new buiness what will nowdays fast moving produyct or process in mechanical/auto /electrical engineering
From India, Kolhapur
From India, Kolhapur
The question is very important. For starting a new business, there is also a requirement to be clear with the product or services that are going to be provided to customers. Check out the qualities of others providing the product and decide how much quality and product you should provide. Recruiting well-skilled and experienced staff is also needed for starting a business. Forecasting is also required for the business's future. Risk management studies are necessary to avoid future losses or prepare in advance with alternative options to recover from situations of loss.
Well, financial management...
From India, Mumbai
Well, financial management...
From India, Mumbai
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