Initial Phase: Formulating the Idea
You have a great idea for a company – now is the time to do your homework.
Before writing a business plan, extensive research is required to answer several
key questions:
* How clear is the idea? Can it be summarized in two sentences or less?
* What are the vital market demographics?
* Who will be your customers?
* Is there a real need for this product?
* How is your company different from others?
Once you've answered these questions, you can move on to the next phase....
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IDG Ventures Vietnam Guide to Writing a Business Plan
IDG Ventures Vietnam Guide to Writing a Business Plan
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