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What is included in Business Planning & Idea Validation?
Business Identification
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.
Competition Study
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.
Defining Products/Services
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.
Sales Estimate
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
Free Online Business Guides
The deAsra Story
FAQ's
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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.
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It takes approximately 4 working days once all documents along with the required information is received.
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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.
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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.