Get the free Originality of the Business Idea Declaration Form (SICC-SMU) - iie smu edu

Originality of the Business Idea Declaration Form Date: From (team name): School To : : The Organizing Committee SITCOM Eureka! Prize 2015 Singapore Management University Dear Sir I declare that the

How to fill out originality of the business

How to fill out the originality of the business:

1. Identify your unique value proposition: Determine what sets your business apart from competitors. This could be a unique product or service offering, exceptional customer service, or a different approach to solving a problem.
2. Define your target audience: Understand who your ideal customer is and tailor your business to meet their needs and preferences. By understanding your target audience, you can create a business that resonates with them and stands out in the market.
3. Conduct market research: Research your industry and competitors to identify gaps and opportunities. This will help you carve out a unique space for your business and develop strategies to differentiate yourself from the competition.
4. Be innovative and creative: Think outside the box and explore new ideas and approaches. Encourage your team to come up with innovative solutions and unique ways to deliver value to customers.
5. Focus on quality: Ensure that your products or services consistently meet or exceed customer expectations. By delivering high-quality offerings, you can establish a strong reputation for your business and stand out among competitors.
6. Build a strong brand: Develop a compelling brand identity that reflects your business's values, mission, and unique selling proposition. This includes creating a visually appealing logo, choosing distinctive colors and fonts, and crafting a compelling brand message.
7. Emphasize customer experience: Provide exceptional customer service and create a positive experience at every touchpoint. By prioritizing customer satisfaction, you can build a loyal customer base that recognizes and appreciates the originality of your business.

Who needs originality of the business?

1. Startups: New businesses entering competitive markets can benefit greatly from establishing their originality. By being unique, startups can attract attention, differentiate themselves from established competitors, and carve out their own niche in the industry.
2. Small businesses: With limited resources and budget, small businesses need to find ways to stand out and differentiate themselves from larger players. Originality allows small businesses to create a strong brand identity, attract loyal customers, and compete effectively in the market.
3. Entrepreneurs: Entrepreneurs who are looking to disrupt their industries or introduce innovative solutions need originality to gain traction and differentiate themselves from existing players. Originality can be a crucial factor in convincing investors, attracting partners, and securing a competitive advantage.
4. Established companies: Even established companies can benefit from consistently reinventing themselves and staying original. By continuously adapting to changing market dynamics, embracing innovation, and differentiating their offerings, these companies can maintain their relevance and competitiveness in the long term.

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What is originality of the business?

The originality of the business refers to the uniqueness and innovation of the business concept or ideas.

Who is required to file originality of the business?

The business owner or founding team is required to file the originality of the business.

How to fill out originality of the business?

The originality of the business can be filled out by providing detailed information about the unique aspects of the business, such as innovative products or services.

What is the purpose of originality of the business?

The purpose of originality of the business is to protect intellectual property rights and showcase the uniqueness of the business.

What information must be reported on originality of the business?

The information that must be reported on originality of the business includes details about the innovative products, services, or processes of the business.