The first phase of building a business is
the foundation.
The bigger a building structure the deeper and stronger the required
foundation. A business is no different.
This phase begins with the question of
feasibility.
Feasible:capable of being done, effected, or accomplished.
This is the first hurdle any new business needs to face and overcome. Failure
to complete this phase will always cost you in both time and money later in
business.
We ask and answer three specific questions to determine feasibility:
Personal, Concept and Market. Only once we are past this will we begin to
tackle the next stage of developing your business: Plausibility.
A business becomes Plausible or believable
only once the business owner can stand and share their vision with confidence
before strangers.
This is reached through research and composition of a solid
business plan together with associated tasks. A business plan is of utmost
importance to any business as it determines a point of reference for all other
activities and future growth.
We spend the right amount of time here getting
it done and done well. Together with this plan we begin work on the Finance,
Marketing and Collaboration plans that form the framework for further work
later in the road map.
