Will our business Idea work?

  1. Commercial Feasibility
  1. Market Feasibility

What are your strengths and weaknesses of your main competitors?

How do your products or services rate in terms of price and quality compared to your competitors?

Do your products or services fill a need not already met by your competition?

Who are your competitors?

How do you intend to sell your products or services

Why will your products or services appeal to potential customers?

The number of potential customers, who they are and their location

What type of customers will buy your products or services?

What is the demand for your products or services?

Are there any barriers to entering the market?

How much money do you need to make to meet your living expenses?

How long do you expect to be in business before you make your first sale?

How much money do you need to start up?

How do you intend to fund the business during the start up phase?

Estimate your fixed and variable costs.

What price would your customers pay for your products and services?

What price would your customers pay for your products and services?

What is your sales forecast?

What is your breakeven point?

How long will it take to reach breakeven sales volume?

How much working capital will you need to sustain operations?

Return on investment

Cash flow analysis

  1. Other Considerations

Are there any regulatory requirements you must satisfy?

Do you need to obtain protection for your intellectual property?

What factors could potentially delay your business?

Do you have the required skills to get the product or service to market?

  1. Business Plan

business profile

vision, mission and goals

market research

operational strategy

products and/or services

marketing plan

financial strategy

Performing tarot readings

Selling homemade Masala Tea

"Hot, Wet, Spicy & Wild... quench your thirst with our homemade Masala Tea"

Spiritual Guidance over Tea

Exibiting local artwork

Escape with tea & creativity

HOT MASALA TEA

To meet friends & family

To relax

To try masala tea

To indulge in edible treats

To get a tarot reading

To see/buy some artwork

To date

Hungry customers

Thirsty customers

Curious customers

Students

Friends

Family

Spiritual sorts

Artists