Startups with a Smile
😊Hey Folks, Here's guide to second topic_ Planning Starting a new venture can be exciting and challenging! Here’s a step-by-step guide to help you with your startup planning: 1. Idea Validation Market Research : Analyze industry trends, customer needs, and competition. Feedback : Share your idea with potential customers and gather their insights. 2. Business Plan Executive Summary : A brief overview of your business. Mission Statement : Define your purpose and values. Product/Service Description : Detail what you’re offering and its unique value. Market Analysis : Outline your target market and competitors. Marketing Strategy : Describe how you’ll attract and retain customers. Financial Projections : Estimate your revenue, expenses, and funding needs. 3. Legal Structure Choose a Business Structure : Decide between sole proprietorship, LLC, corporation, etc. Register Your Business : Get the necessary licenses and permits. 4. Funding Identify Funding Sources : Personal savings, ang