Developing Business Plan
Click on the menu links below for specific answers to common international business problems, or click on the logo to the left for services we provide.
Developing Your Business Plan
Planning ahead is the best advice to starting a new business, product rollout or web project.
Who's your intended market?
Whether focusing on a local market or an international clientele, define for yourself the characteristics of a typical client:
- Individual retail customers or businesses
- Geographic reach of your organization / product
- Language and Culture
- Budget / Forecasted Sales / Timeline for profitability
Resource Requirements
Once defining the intended market and goals of your project, what resources will you need? Do you have sufficient personnel working for you already? If you are entering a new market, do you speak the language, do you understand the culture, are you familiar with the local laws?
Many companies fail to grow if they don't have sufficient capital to invest in personnel, sales and marketing, and research and development, likelihood of success is low. In the US, the Small Business Administration can help entrepreneurs find temporary help and mentors. The SBA also has a loan program for new companies.
Ask for Help
No one expects a new company to have all the answers when they first start out. National governments, venture capitalists and retired experts may provide invaluable information, so don't be afraid to ask.