European Business Development, International Expansion, Consultant (Didier Delmer) - http://www.entrepreneurs-and-co.com
Starting a Business ... No Idea ?
http://www.entrepreneurs-and-co.com/articles/7/1/Starting-a-Business--No-Idea-/Page1.html
Didier Delmer

- Serial Entrepreneur in the High-Tech & Service Industries,
- Expert in European Business Development,
- VP International at NewCom Inc (Nasdaq listed),
- Founder of Easy Consulting,
- VP @  High-Tech Business Club,
- Founder of Portail des PME,
- Investor @ Clean du Bouquet,
- Currently working on Entrepreneurs and Co,

 
By Didier Delmer
Published on 5/07/2007
 

Starting a business with no idea does not help at all.

You may have expertise and experience in various fields, but incorporating a business implies you have an idea, a market study and a solid economic model.

This should be part of your business plan and financials.


Starting a Business ... No Idea ?

Don't waste your money on pre-packaged business plan software products. These products are self contained and limited to use and formatting. Business Planning starts with your idea as a base.

Here's everything you need to capitalize on your business idea of a lifetime. Investing your own money, the money of others and the next several years of your life ... this is no time to hip-shoot. You're taking enough risk just building your business !

When your business -- and your future -- is on the line, you can't afford to risk making mistakes on your "blue print," and being misunderstood or not taken seriously. The best-selling business planning software will not help you.

You need to analyze and define the following items :

- Business Model,
- Revenue Streams,
- Marketing Positionning
- Investments,
- ROI,
- Corporatte Strategy

In one survey, out of 29,000 businesses started, 26,000 of them failed. Of the failures:

67% never had a written business plan
57% had no outside guidance
71% had not taken any business courses

Your business plan is the proven tool for developing your business concept and presenting it to the people who can back you. The fastest, easiest way to organize and promote your ideas for quick cooperation.