Before you start your business, you should work out all these points step-by-step.
- Value Proposition: Create a problem solving product or service for many people
- Customer Segment: Target your ideal customers.
- Customer Relationship: Use the "GET, KEEP, GROW Your Customers" concept
- Channel: Physical store or Online-Shop
- Business Key-Activities: Internal most important activities to earn revenues.
- Revenue Streams: A strategy to secure incoming revenues consistently (very important)
- Key-Resources: Human resources, Hardware, Software etc.
- Key-Partnership: Joint-Ventures, Buyer-Supplier relationship, Competitors
Did you structure your business?