The main stages of forming a business concept include :

[hasibaakterss3309]

Realism
On the other hand, clearly unachievable goals are a waste of resources, so a business project must be within the bounds of realism.

Scope of coverage
The business concept determines the development of the company in all areas of its activities, so it must be broad enough to cover all departments and business processes.

Strategic feasibility
It is not enough to set a goal for the latvia telegram number database team – it is necessary to show how to achieve it. Accordingly, a business concept can include a description of individual stages and projects, contain indicators indicating the approach to target benchmarks, and all this must be linked to the real resources and capabilities of the company.


Stages of creating a business concept


Market niche analysis
First of all, it is necessary to research the market, and you should start by determining the characteristics of demand:

problems and needs of potential clients;
what characteristics of a product influence its value in the eyes of buyers;
achievable sales volume and potential for entering additional markets.
Read also!
Creative strategy: what is it and what methods exist