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Business start-ups - Coggle Diagram
Business start-ups
Business Plan
concept evelopment
feasibilty study
product screening
prototype development
idea generation
test marketing
product launch
Importance of a business plan
Acts as a means of control
Attracts investors
Anticipates problems
Focuses on the future
Production options
Batch production
Mass production
Job production
Challenges
Creating a USP
Cost of market research
Availability of location