+1 855 552 7526 | +91 80 8080 8870

Business Planning Blog

All about Business Plans

Business Focus

Common Pitfalls Encountered by Small Businesses while Conducting Market Research

Risks are part of any business and with limited resources, business owners and entrepreneurs realize that risks needs to be calculated and mitigated. Employing market research helps at times to sort out risks involved in a business. The advantages of market research for small businesses range from finding hidden niches and preserving capital to building customer loyalty and identifying greater business opportunities. Before taking the initiatives to understand customer needs and wants through market research, it is important to identify common pitfalls and challenges encountered by startups and small businesses. High Costs:  The biggest challenge small business owners face is

Read More
business team with young entrepreneur

Major Barriers for Young Entrepreneurs

We have been doing a lot of research to identify the key factors that stop young people from taking the leap into the entrepreneurial pool and starting their own business. Barriers in the business environment can have a negative impact on entrepreneurs, who generally lack experience and access to professional networks. Some of the socio-cultural aspects that limit young entrepreneurs from living their dream are listed below. Social and Cultural attitudes It has been analyzed that there is a lack of positive attitude to entrepreneurship in various economies, where entrepreneurship can be viewed as a viable career choice. The educational system

Read More

Identify whether you are an Entrepreneur or Wantrepreneur

Motivational quotes, one-liners, videos and stories about entrepreneurship or lunching of a new venture are all across the globe, possibly to ignite fire in the belly of people with aspiration, new thoughts and ideas. In reality, aspiration and determination are not enough to be a successful entrepreneur, it takes a lot more than that. Coming up with a unique or new idea is a great starting point, the execution of that idea is far more important. This has led to a growing number of “Wantrepreneurs” – people who initially show enthusiasm in identifying and discussing ideas, but at the end

Read More

Organic Growth Strategies for Start-ups

Every business should have a specific growth strategy in order to survive, progress and earn revenues. Businesses without growth strategies can be hit by unexpected adversity. A growth strategy can be organic or inorganic in nature. While usually acquisition strategies are undertaken by more mature businesses, investors typically look for organic growth numbers to review and evaluate the overall development of a new company. Organic growth for a business is a balanced and step-by-step technique created through the utilization of its own resources, leading to a sustainable increase in sales and revenues.  It is also very important for an organization

Read More

Business Plan: A structured approach

A majority of entrepreneurs accept the need for creating a business plan however, a few often fail to realize that an effective and comprehensive business plan can lay down a road map to success for their businesses. While a professionally crafted business plans does not guarantee success, for entrepreneurs with great business ideas, it certainly increases the probability of them crossing the finishing line sensationally. Often a business plan is used as a sales document with an aim to impress an investor, rather than provide an extensive strategic and operational road map of the venture. This often fails to achieve

Read More

Common Mistakes in a Business Plan

A business plan can typically have different uses, like to obtain funding from investors, or to increase business efficiency. Irrespective of the use, a business plan needs to be well drafted in order to serve its purpose. From an investment perspective, while a well drafted business plan cannot guarantee funding, it certainly improves the chances of getting funded. It is to be noted that a funding decision encompasses a host of other things, not to mention the requirement of a high quality business plan. An unstructured business plan not only makes a venture unattractive for external investors, if used as

Read More

Business Model for Entrepreneurs – Are you making a fashion statement?

It is interesting to analyze how entrepreneurs react to certain business terms like operations strategy or business model. In my experience, the outcomes range from absolute distain to an extended discussion around the “nuts and bolts of their business”. Again, it is difficult to generalize, but the more mature a business, greater is the evolvement from “a brilliant idea to sustainability” with an acceptance towards the importance of planning and structuring. At that point in time, a so called fashion statement becomes a necessity and creating a business model a reality. To be fair, structuring a business model is a difficult task

Read More
Back to Top