Assess how quickly you can reach breakeven and bring your company

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5 steps from idea to business implementation from scratch Step 1: Develop a business plan Even when starting a business in a small town from scratch, it is not enough to come up with an idea; you need to draw up a detailed plan for its implementation. Start with market research. Is your product needed? Who will buy it? What does your typical customer look like? Are there competitors and what can you do better than them? Answers to these questions will help you discover the advantages and disadvantages of your product.


to a stage of confident growth. In addition, your business plan should include moj database ways to attract customers, anticipate revenue, and understand the costs of setting up the business. For maximum results, create a viable version of the product (MVP), it will help to study the strengths and weaknesses in test mode. This will not require large investments, and the benefits are obvious. With a successful launch of the prototype, the chances of success of your business will increase many times over.


Moreover, the finished MVP can be sold, naturally, with truncated functionality. Read also How to find an investor for a business: evaluating the project and the investor Read more Step 2: Calculate your investment Any investment entails risks. Therefore, at the initial stage, it is better to minimize these investments in order to feel calmer. Let us tell you that Andrey Krivenko started his business selling natural dairy products from the very beginning. He rented a space for 16 thousand rubles per month and purchased refrigeration equipment for 20 thousand rubles.