So you think you have a good idea? Think again. What separates a good idea from a bad one? Think of it this way: What need are you going to solve with this idea, and how pressing is that need for the people who have it? The crux of a successful idea is the underlying problem you intend to solve.
The business plan is the glue that holds everything together. It’s the key to setting a business in motion: it focuses on which problem you intend to solve, and how you will solve it. The plan includes details of why the need is pressing and how the business solves the problem while making money.
We’re not talking about the most valuable player, no. This is the minimum viable product. The MVP has just the most core features that are essential for launch. So how do you decide what’s essential and what can be left out? Simple – if you can’t solve the customer’s problem without it, then its essential.
So you have a great idea. You even have a plan to make it happen. But where does the money come from? You could ask your friends and family for money, but that only goes so far. So unless you’re independently wealthy you have two choices: Debt and Equity. This course will walk you through how different funding options can shape the future of your business.
So you’re amazing idea has finally come to life. You have a plan and know exactly what is essential to your product. You even have people backing you with their wallets. That’s great but where do you go from here? This course will go over what happens as your company grows beyond your control and business operations switch to going concern.