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Topic:

FROM IDEAS TO SUCCESSFUL BUSINESS MODEL

Do you know up to 80% of new businesses fail within their first 3-5 years? What are key elements of good business ideas? Key steps & condition to turn an idea into a successful business model? Discuss with Anphabe advisor and members to learn different practical views.

Advisor:

Nguyen Thi Hong Trang's picture

Nguyen Thi Hong Trang

Managing Director
Quadrill & Vera International Ltd.

Timing:

The discussion is open from 22-07-2011 to 08-08-2011

The advisor answered on 05-08-2011

Who is the Judge of a successful business plan ?

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Alexander Kopriwa's picture
1311748982

With the current uncertainty on world markets - how do you qualify that a business plan is a success?
Investor acceptance or the client buy in?

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Answers

  • Hi Alexander. I think it’s not who but by which criteria you judge a plan. You need to have a clearly-defined criteria to judge a business plan in each phase: could be the market segment, profit, or both, etc. Then, do the assessment by the end of each phase to measure the effectiveness :)

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  • Super Technologies's picture

    A business plan is a document that outlines the development, growth and conclusion of your business. It shows how you plan to achieve your goals and what you need in order to succeed. You should try this Buy 3D Printer Calgary to get beautiful 3D designs. The reason for writing a business plan is because it will help you get funding from investors or banks in exchange for equity shares in your company. The more detailed and accurate your plan, the better chance you have of attracting investors.

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