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#Business-minded Questions (SCORE)
Posted by  NVLSlady/VA of VA on 2/11/16 5:04pm Msg #545862
Obtaining these answers beforehand will serve as a solid basis for your business decisions. Why not make your sales experience work for you?! Wink

I. EXECUTIVE SUMMARY
Why will the business succeed?
What do you want to start (or change)?
How much money is required?
What is the return on the investment?
Why is the venture a good risk?

II. BUSINESS DESCRIPTION
What type of business are you planning?
What products or services will you sell?
What type of opportunity is it (new, part time, expansion, seasonal, year round)?
Why does it promise to succeed?
What is the growth potential?
How is it unique?

III. MARKETING
Who are your potential customers?
How large is the market?
Who are your competitors? How are their businesses positioned?
What market share do you anticipate?
How will you price your product or service?
What advertising and promotional strategies will you use?

IV. RESEARCH, DESIGN, AND DEVELOPMENT
Have you carefully described your design or development?
What technical assistance have you received?
What research needs do you anticipate?
Are the costs involved in research and design reasonable?

V. MANUFACTURING
Where will the business be located? Why?
What steps are required to produce your product or service?
What are your needs for production (e.g., facilities and equipment)?
Who will be your suppliers?
What type of transportation is available?
What is the supply of available labor?
What will it cost to produce your product or service?

VI. ORGANIZATION
Who will manage the business?
What qualifications do you have?
How many employees will you need? What will they do?
How will you structure your organization?
What are your plans for employee salaries, wages, and benefits?
What consultants and specialists will you need? How will you use them?
What legal form of ownership will you choose? Why?
What licenses and permits will you need?

VII. CRITICAL RISKS
What potential problems could arise?
How likely are they?
How do you plan to manage these potential problems?

VIII. FINANCIAL
What is your total estimated business income for the first year? Monthly for the first year? Quarterly for the 2nd & 3rd ?
What will it cost you to open the business?
What will your personal monthly financial needs be?
What sales volume will you need in order to make a profit the first three years?
What will be the break even point?
What will be your projected assets, liabilities, and net worth on the day before you expect to open?
What are your total financial needs?
What are your potential funding sources? How will you spend it?
How will the loans be secure?

IX. MILESTONE SCHEDULE
What timing have you projected for this project?
How have you set your objectives?
Have you set up your deadlines for each stage of your venture?
Is there a relationship between events in this venture?

https://www.score.org/resources/business-plan-checklist-key-questions-answer
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Messages in this Thread
 In defense of $90 signings -  CJara/CA on 2/11/16 3:49pm
 Re: In defense of $90 signings - Lee/AR on 2/11/16 3:57pm
 Re: In defense of $90 signings -  Cari on 2/13/16 12:35pm
 Re: In defense of $90 signings - SteveS/CA on 2/13/16 4:41pm
 However one starts is how she'll end up. -  NVLSlady/VA on 2/11/16 4:03pm
 Bargain Bin - perfect! (Like) n/m -  NVLSlady/VA on 2/11/16 4:04pm
 In San Francisco? - DaveCA/CA on 2/11/16 5:42pm
 Re: In San Francisco? -  rengel/CA on 2/12/16 12:28pm
 professional appearance/grooming - coastal/CA on 2/12/16 9:29am
 oops: professional appearance/grooming - coastal/CA on 2/12/16 9:31am
 Re: In defense of $90 signings - ToniK on 2/11/16 4:15pm
 You need to raise your own bar -  Cheryl Elliott on 2/11/16 4:33pm
 #Business-minded Questions (SCORE) -  NVLSlady/VA on 2/11/16 5:04pm
 Re: In defense of $90 signings - SteveS/CA on 2/11/16 5:40pm
 Sent you a PM n/m - John Tennant on 2/11/16 6:39pm
 PM meant for Chris n/m - John Tennant on 2/11/16 6:41pm
 I'm aware that ss are bidding for work now, so they're -  MW/VA on 2/11/16 7:12pm
 Re: In defense of $90 signings - jba/fl on 2/11/16 7:52pm
 Re: In defense of $90 signings - LKT/CA on 2/11/16 8:26pm
 P.S. - LKT/CA on 2/11/16 8:41pm
 Re: In defense of $90 signings -  sueharke on 2/11/16 11:50pm
 100% correct. Knowing YOUR own #'s IS knowing your business! -  Moneyman/TX on 2/14/16 6:13am
 Re: In defense of $90 signings -  JanetK_CA on 2/12/16 12:51am
 Agree with jba and Janet...and to add - LKT/CA on 2/12/16 7:51am
 Re: In defense of $90 signings - Joe Ewing on 2/12/16 4:47pm
 No defense, just excuses. - Luckydog on 2/12/16 8:14pm
 If I lived in San Francisco, my fees would reflect all the -  Cheryl Elliott on 2/13/16 9:06am



 
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