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Starting Your Own Business Guide

This document provides guidance on planning and building a new business by outlining key steps such as stating your long-term goal, understanding customer needs and requirements, developing a product that fulfills those needs through its attributes while providing financial advantages over competitors, summarizing your product's strengths, and explaining the next steps required for action.

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tjikiwoel
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42 views7 pages

Starting Your Own Business Guide

This document provides guidance on planning and building a new business by outlining key steps such as stating your long-term goal, understanding customer needs and requirements, developing a product that fulfills those needs through its attributes while providing financial advantages over competitors, summarizing your product's strengths, and explaining the next steps required for action.

Uploaded by

tjikiwoel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd

Starting your own business

Planning and building

Long-term Goal

State the intended goal

Customer Wishes

Describe customer needs and wishes


Explain the requirements

Fulfilling
Customer Needs

Describe the main attributes of the product


Link the product attributes to customer
needs

Cost Analysis

Indicate the financial advantages for the


customer
Compare quality and price with those of the
competition

Strengths and Advantages

Summarize the special features and


advantages of the product being introduced

Next Steps of Action

Explain the steps that now need to be taken

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