#Startup
Five tips to have a successful startup:
1⃣ Market opportunities:
How do you expand your business market? Is your market growing? Is the customer chain continuous? Are there emerging opportunities in your market? Is your market at risk from different dimensions? By asking these questions, you assure the investor that you are looking for a future with sustainable growth, which is a key factor in the success of your project.
2⃣ Assessment of competitors:
Instead of ignoring the competitors, address them in your business plan and state their business points and clearly mention the differences between you and them and how you want to surpass them. Stating these things assures investors that you are realistic and have a big picture perspective.
3. Prediction:
Having a minimum forecast of three years can show the investor the stability of the business and make him feel comfortable about investing in your project. Such forecasts can be made more interesting by adding market analysis from reliable sources.
4. Statement of cash flow:
If your business is currently operating. You must include your cash flow in the business plan that you propose to investors and attach it to the cash flow forecasts.
Any kind of positive cash flow is interesting for investors and can attract them to your business plan. Because these statistics are based on reality and are not abstract statistics from past and future years.
5⃣ executive summary of the business:
This summary is exactly synonymous with the summary that is expressed in scientific materials. The executive summary gives investors an idea of who you are and what you can do. In addition to being attractive and short, the executive summary should be completely related to the topic and contain enough details to attract the reader to study the plan further.
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This post is written by EGH90