Question: ###### i need engineering project ( renewable energy or electrical ) Funding sources only self-resources Amount of financing 100,000 ########## This question has been divided
###### i need engineering project ( renewable energy or electrical )
Funding sources only self-resources Amount of financing 100,000 ##########
This question has been divided into parts and uploaded to Chegg
Initial action plan model facility
- General information:
The name of the establishment: ............... . ........................... ...
Project: .................. .... . ....................... . .... .. .. ............................. .
Site:.............. ........ ........................ . ....... ... . ........................... . ...
Address:................ ............................ ......... . .................................. .
The name of the entrepreneur: ................ .................. .......................
- Academic qualifications:
| High School Diploma | University degree | Institute or College | Major | Number of years of study |
|
|
- Specialized training:
| Type of training | Institute or College | Training period | Achievement/Results |
|
|
- Practical experience:
| Enterprises | Career location | Nature of work | Time period |
|
|
- Details of the proposed project: manufacturing/service:
2.1 Production programme:
| sequencing | Product type | Annual production amount | Annual return | Boiled energy % |
| 1 | ||||
| 2 | ||||
| 3 | ||||
| 4 | ||||
| Total |
1. Your business plan is a written narrative describing what you intend to
- accomplish and how you intend to achieve your goals. Its designed to share with others for advice and assistance to realize your vision. Read a business or entrepreneurial textbook to expand on the following key points:
- Briefly state your product or service.
- Describe the problem that needs to be solved, or the need that people want to have filled.
- Explain how your service/product will solve that problem or fill that need.
- Identity your target market or the niche you will be focused on. Dont make the mistake of thinking your product/service is for everyone. In the beginning, youll be more successful filling a small niche rather than providing something that everyone supposedly wants or needs.
- Research your competitors thoroughly. Study what makes them unique and successful, and then spell out how your product/service will compete by offering something different, better, cooler, etc.
- Write out a 10-20 point detailed marketing strategy. How will you reach potential customers? What will be your sales process?
- How will you test your product or service? Before investing huge amounts of time or money you need to find out if people want what you have to offer.
- How will you evaluate customer satisfaction (surveys, follow-up calls, etc)? How will you handle customer complaints? How will you service customers after their initial purchase (upselling)?
- Management: who will you need to hire or subcontract to fulfill your marketing and sales plan? Who will manage the infrastructure: your websites, artwork, money laundering (just kidding... I want to make sure youre paying attention!)?
- Create a financial projection plan. How long will it take you to bring in X amount of money using the strategies mentioned above? Be realistic and conservative and consult other experts in your field to see how many weeks/months/years it will take to reach specific goals. Identify where you will find the money needed to cover your start-up expenses and make a detailed list of those costs.
- Discuss your business plan with at least three experts and identify how much you will need to invest in consulting fees. Clear concise communication, without any hype, is essential at this stage of development before you launch your product or service.
Not having a detailed written business plan is one of the main reasons that 4-8 out of every businesses fail in the first 2-5 years. Other reasons for failure: lack of perseverance, lack of clarity in communicating to others, failure to delegate work to others with more expertise than you have, not enough of a potential customer base, the cost of acquiring a customer is too high to reach your expected income, poor advice from others, running out of cash (as my publisher liked to tell writers: Dont give up your day job!), poor service skills or poor product development, work burnout, being inflexible or too idealistic, and a 100 other unexpected events.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
