Alexandoy
VIP Contributor
When my niece was about to open a water station near their home she asked me for pointers. I mentioned the business plan and wrote the important points to ponder on before opening up.
1) The capital is the amount computed to handle the expenses for the first 3 to 6 months of operation (with no profit). Add 50% to that estimated amount.
2) A thorough research on the market base to determine the level of demand. It can be a form of survey or simply marketing to potential customers.
3) The continuity and stability of the supply. The volatility of prices should always be considered.
4) The location should provide convenience to customers like the parking area or the controlled temperature inside the office or store.
5) For the delivery there should be a stable delivery system that is not costly.
I have outlined the major needs in the business plan. There are others but they are minor items.
1) The capital is the amount computed to handle the expenses for the first 3 to 6 months of operation (with no profit). Add 50% to that estimated amount.
2) A thorough research on the market base to determine the level of demand. It can be a form of survey or simply marketing to potential customers.
3) The continuity and stability of the supply. The volatility of prices should always be considered.
4) The location should provide convenience to customers like the parking area or the controlled temperature inside the office or store.
5) For the delivery there should be a stable delivery system that is not costly.
I have outlined the major needs in the business plan. There are others but they are minor items.