what is crowdfunding?what is crowdfunding? author: claire smith created date: 6/22/2020 4:06:35 pm

Fraud scene investigators| 1Enterprise: Starting a business | 1

Start-up guidePresentation

Fraud scene investigators| 2Enterprise: Starting a business | 2

What makes a great business?

Fraud scene investigators| 3Enterprise: Starting a business | 3

Step 1Step 2 Step 3 Step 4 Step 5

Step 6

What steps do you think are needed to turn an idea into a profitable business?

Fraud scene investigators| 4Enterprise: Starting a business | 4

Even a brilliant idea can be unsuccessful if you

rush into action without research and planning!

Fraud scene investigators| 5Enterprise: Starting a business | 5

Research will help you identify who your customers are and who you’ll be competing against to reach them.

A good business plan will help you think through all the financial implications of starting your business. It will help you estimate your start-up costs, and forecast how much your operating costs will be once you start trading.

Fraud scene investigators| 6Enterprise: Starting a business | 6

Define your business What are the strengths and weaknesses of

the competition?What is your product or service?

Who are your customers?

Why is there a need for this?

What’s your unique selling point

(USP)?

What is your idea?

Fraud scene investigators| 7Enterprise: Starting a business | 7

What will your start-up

costs be?

What are your production

costs?

What do you need

to start your business?

What will the operating costs

be once you start trading?

Your business costs

Fraud scene investigators| 8Enterprise: Starting a business | 8

Local press

How will you market

your business?

Promote your business

Fraud scene investigators| 9Enterprise: Starting a business | 9

Creating a business plan is a bit like doing a jigsaw.

Once you’ve got all the pieces in place, it’s easy to see the big picture.

Now you’re ready to pitch your idea!

Fraud scene investigators| 10Enterprise: Starting a business | 10

=You’re in business!

+ + +

Great idea Research Business plan Finances