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Syllabus Business Plan Basic Seminar WS 2016/17 Business Idea and Market In our business plan seminar you will learn how to get from an initial business idea to a sound business model. Hereby we support
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How to fill out business idea and market

01
To fill out a business idea, start by brainstorming and identifying a problem or need in the market that your business can address.
02
Define the target market and understand their demographics, interests, and buying behavior.
03
Research your competitors and analyze their strengths and weaknesses to identify gaps in the market.
04
Develop a unique value proposition for your business that differentiates you from competitors.
05
Create a detailed business plan outlining your products/services, target market, marketing strategy, financial projections, and operations.
06
Conduct market research to validate your business idea and gather insights on customer preferences.
07
Test your business idea by creating a minimum viable product or conducting pilot studies.
08
Iterate and refine your business idea based on feedback and market response.
09
Finally, create a marketing strategy to promote your business and reach your target audience.

Who needs business idea and market?

01
Entrepreneurs who want to start their own business.
02
Individuals with innovative ideas who want to turn them into profitable ventures.
03
Existing businesses looking to expand into new markets or launch new products/services.
04
Investors or venture capitalists looking for promising business ideas to fund.
05
Startup accelerators or incubators seeking entrepreneurs with viable business ideas.
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Business idea is a concept that can be implemented to earn a profit, while market refers to the potential customers who need or want the product or service.
Entrepreneurs and business owners are required to file their business idea and market.
To fill out a business idea and market, one must describe the unique selling proposition, target market, competition analysis, marketing strategy, and financial projections.
The purpose of business idea and market is to help entrepreneurs understand the feasibility of their concept and identify opportunities for growth.
Information such as the business concept, target market, competition analysis, marketing strategy, and financial projections must be reported on business idea and market.
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