Anything more will be unrealistic. A realistic assessment of your strengths and your weaknesses, including strategies to capitalize on your strengths and mitigate your weaknesses. These should include competitive risks, technical risks and financial risks. If you cannot address all these areas, chances for raising outside capital are slim to none. How you plan to identify, contact and sell to prospective customers, including what type of sales force and closing strategy you will utilize How you plan to price your products, how this compares to the competition, and what gross and net profit margins this scheme will generate.
Third priority is a focus on their product or service.
Fourth priority is maintaining an experienced, dedicated and capable management team. So before you pat yourself on the back because you have such a good idea for a new business, do the above analysis to ensure it is a strong opportunity. Look before you leap. Earliest info on new businesses, homeowners Insurance Center Covering the needs of small business owners Legal Center Hundreds of business legal tools Office Products Special deals on equipment, supplies. Classifieds Search for business services, real estate and career opportunities.