The first step in creating a multi-millionaire computer business for Bill Gates is to do your homework. Some ways to do this are : study the research are what niches might be unexplored; talk to other business owners in the area, (especially computer business and use their information to decide how our business might be structured to address the available markets; ask friends or even conduct a poll about what the community members would want to see in a computer factory). The second step is to put together a business plan. The business plan should be a formal document describing our formal venture; it will state our goals, why we think those goals are achievable and a strategy to reach them. We will be pitching our business plan primarily to lenders and investors, so financing our endeavor will depend upon putting together a solid business plan.
A business plan has many components. We need to include a good executive summary. Our executive summary presents our overview of the entire business in one page. It is vital we impress our reader with our executive summary, they may not even read the rest of the business plan. The second component is a solid marketing plan. This is most likely the most important part of our business plan. Our marketing plan must demonstrate to our reader that we have analyzed our target market . This includes details about our products, our distribution strategy, our pricing scheme, and our marketing budget.
The final component is, it is important to not to neglect our financial documents. Leaders and investors look at this section first. We need projected balance sheets, income statements, and cash flow statements. We must prove to investors that they can see a quick return and show lenders we are not a risk for default. Finding a good rental space is essential to running a successful business. We need to make sure our factory is located in an area with... [continues]
Cite This Essay
(2013, 02). China Steps to Business. StudyMode.com. Retrieved 02, 2013, from http://www.studymode.com/essays/China-Steps-To-Business-1413983.html
"China Steps to Business" StudyMode.com. 02 2013. 02 2013 <http://www.studymode.com/essays/China-Steps-To-Business-1413983.html>.
"China Steps to Business." StudyMode.com. 02, 2013. Accessed 02, 2013. http://www.studymode.com/essays/China-Steps-To-Business-1413983.html.