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What are the Three most Important Ingredients in Making a Great Business and Why?

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تم إضافة السؤال من قبل ALAMGEER HUSSAIN HASHMI , REGIONAL SALES & OPERATIONS MANAGER , Uth Healthcare Pvt., Ltd
تاريخ النشر: 2013/12/18
amer jayyousi
من قبل amer jayyousi , Business Development Consultant , freelance

Right idea,right resources and right strategy.

مستخدم محذوف‎
من قبل مستخدم محذوف‎

The work of strategic planning regulator

Salah EL Wetidi
من قبل Salah EL Wetidi , Plant Manager , Future office furniture

1. Definition Of The Problem. Every plan must start with an explanation of the problem the business aims to solve–not a description of the company and product.

 

2. Marketing and Sales Strategy. Here you sum up how you will go to market, including your pricing and distribution channels (which could also include strategic partnerships). This is a good place to map out a timeline of key milestones. 

 

3. Executive team. Investors ultimately bet on people, not ideas. Convince investors that your team has the chops and determination to start new businesses, and demonstrate deep knowledge in the company’s specific domain. Include members of the Advisory Board and key industry players involved in the company. 

 

Govind Haridas
من قبل Govind Haridas , Manager of Corporate

3 mosst important ingredients to make a great business are

 

(1) A great business idea - Everything starts from a unique and creative idea which brings outstanding results and also longlasting

(2) Funds - Till the time business starts giving us money, enough funds are required to establish and build a strong foundation, make break even and go even even beyond through a specific time period.

(3) Right people - Finally without the right brains at the right place the above2 ingredients IDEA and MONEY will undoubtedly be in drain and the business can only be a BIG FAILURE

Mohammad Tohamy Hussein Hussein
من قبل Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

Clearly define a need (existing or preceived) that they can fullfill

Clearly define the market(s) they target, competition in these markets, and the effective competitive strategy they will implement

Prepare an effective business plan to achive their goals. This will define the actions (tactics) to implement thier approved strategy, the performance measures for each task, and the required resources to execute these tasks.

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