Business Plan
This week we got lo learn about Business Plan in very detailed way. I was used to a simply business plan in a few steps that it was not even necessary to wrote down but in what I learn this week I was far far way from the truth. I figure out that having a set up business plan can help you see where you are and what you have in plan to achieve so where you are going. In the HMM activity and reading it was describe really well the components of the business plan. I think the more detailed your plan is the better it is, this in the case of personal use. When you have to presented to the investor I think you need to make more concrete and shorter and emphasis the point of when and how those money will be return to them,and whats their profit.
In the 100$ challenge I decided to go online this will take longer time to develop but its less time consuming and I can manage it from through my smartphone and answer question and email of costumer. I choose a simple idea to buy cheap and sell with profit. I figure out that there are some website that help you get in contact with the China manufacture product or they sell to you. So I decide to order from them and sell it on eBay first. I choose the packing boxes and packing bag that it was cheap and didn't cost to much to start and people would buy it since there were a big request on them. I figure out that sometimes you need a box for you gift or sometimes you damage your box and need a replacement for your gift or for just to keep it in your house at to look good. So I think people would order and I decide to lunch in eBay UK rather ebay.com since its more easy to sell there is higher request and the shipping cost from my country to Europe and Uk is cheaper and faster.
No comments:
Post a Comment