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Do you think that Business Model is important for Startup?

<p>Which is more important for startup?</p> <p> </p> <p>1- Business Model?</p> <p>2- Feasibility Study?</p> <p>3- Business Plan?</p>

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Question added by Hany Sewilam Abdel Hamid , Director of Sales and Marketing , Creative Sense
Date Posted: 2014/10/20
Abdul Mannan
by Abdul Mannan , Safety Supervisor , Arkad Engineering & Construction Company

yes, model is the roles & responsibilities of everybody.

gohor khan
by gohor khan , laundry attendant , madinat jumeira the arabic resort Dubai jumeirah group in dubai

yes can proscribe if we try best serves

Shamas Din
by Shamas Din , Technical Manger ( Civil) , ALSARAH J.V INT L.L.C

yes sure, without proper business you can,t enter in market.

Of course, it can play an important role

Tariq Siddiqui
by Tariq Siddiqui , Regional Sales Manager , South

Yes it would be because no sales company will get success with out the Model.

Joop de Jonge
by Joop de Jonge , Operation Manager , MATLEC Hydraulics & Engineering

Business models is important for a startup

Deleted user
by Deleted user

Business plan. Everything else  should be  on it, otherwise in my opinion is not a good BP. 

Sheila Kaur
by Sheila Kaur , Owner , Self Employed

Have a few numbers anchored to keep you afloat for the first6 months and then some.  I have built successful companies with no full-blown business plan, but a quick eye check in Input, Output and TurnArounds (cashflow). Keep it simple, at the end of the day, there are only6 things money can do,

a) come in

b) go out

c) be on the way in

d) on the way out

e) growing

f) diminishing

Then build a huge list of ideas around (a) and speed up (c). And remember (a/c) can come directly or indirectly through partnerships but with (c) timing and value must exceed with (b) and (d). Done.

Ahmed Al Faqih
by Ahmed Al Faqih , Sales & Operation Manager , BROADBAND TELECOM

i believe the business model and plan are the most important since the startup business is new business line or segment it can be tested to know how much this segment is potential 

 

sagar uparkar
by sagar uparkar , Manager , Icici Bank

Hi Hany,

 

Good evening. In my opinion, Business model is essential for startup but without feasibility study and business plan, it is worthless. Since, Business plan help you to build strategy whereas business model help to build tactics and feasibility study is the backbone for any model, plan. Even in our day to day life or work we do plan also we do feasibility study of their success.

Abid  Patel
by Abid Patel , Manager- Sales and Support , ZAYANI COMPUTER SYSTEMS

Business Model gives structure and clarity to the thoughts. It helps to work on the business model canvas which has been tested over time to be effective. Most people feel lost on where to begin and what to do when it comes to moving from a business idea to action.

A business model can help you understand the gaps in the understanding and help build a feasible, sustainable business quickly.

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