Professional Documents
Culture Documents
Business Plan Format
Business Plan Format
classify your idea? a) Totally unique and new b) Modification of existing product/service c) Similar to existing product/service. 4) 5) 6) 7) 8) 9) Describe the uniqueness/modification/similarity Why do you think your idea can be converted to a successful business? What is the nature of the competition of your product/service? Which is/are your target market/s? What is your estimate of the size of your target market? If your idea is unique/modification, what unique benefits/or value will the users derive from your product/service? 10) If your idea is similar to an existing product/service, how do you propose to make your product competitive? 11) What is the price for your product/service, which you think your customers will be willing to pay? Justify your choice. 12) Which is the best way of delivering your product/service to your customers?