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What is included in Business Planning & Idea Validation?
Deciding the business activity by considering important aspects such as name & place, type of entity & business activity, necessary training & experience, target audience, support members, mission statement, etc.
Analyzing the current and the potential competition, studying the strengths and weaknesses of the similar products/services. Also studying competitors on various parameters such as market trends, pricing structure, etc.
Deciding or identifying the product/service in line with the business activity, writing its full description and highlighting its benefits and needs along with its pricing structure.
Capital Expenditure & Day to day Expenses
Capital expenditure is an amount used to acquire assets required to set up a business, for example; machinery, equipment, furniture, start-up cost. It also includes ongoing expenses like electricity, repair and maintenance, office expenses, etc.
Assessing the sales of each product/service will help estimating the annual sales. Sales can be estimated considering factors such as seasonal trends, bulk orders, change in demands of products/services, festive sales, etc.
Need and Sources of Funds
Funds are required to start, manage and grow the business. Businesses need to finalize a funding requirement and then look for funding sources such as banks, NBFC’s, government schemes, subsidies, etc.
All about Business Planning & Idea Validation Service
Small Businesses Supported
Loan Amount Facilitated
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“Feasibility” is examining the possibility of manufacturing the product or delivering the service. “Viability” is examining the sustainability of the proposed business activity in the coming years.
It takes approximately 4 working days once all documents along with the required information is received.
Writing a business plan is an opportunity to carefully think through every step of starting your business and helps in a number of ways including:
- Validating your assumptions and determining the need for your product or service in the market.
- Giving a structure to your idea and saving time and resources in the long run.
- Making projections that give you a good understanding of how your business will operate in the future.
Business Plan can be prepared when you are planning to start a business, so as to understand the ‘Viability’ and ‘Feasibility’ of the proposed business idea. Also, for existing businesses when the entrepreneur is planning to expand the business or while introducing a new line of service or product or while opening a new branch etc.
Our partners in the journey
deAsra, in association with several organisations, has taken up the cause of promoting mass entrepreneurship.Such organisations include funding partners, service partners, like-minded NGOs and CSRs that work towards generating jobs through entrepreneurship, and entrepreneur clubs.