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By Theodore Durepos at February 24 2019 14:20:11

Industry Analysis - How does your product or service compare with what is currently on the market? What is the trend in the overall industry? What have been the total sales in this industry over the previous 3 to 5 years? What new products or technologies have had the biggest impact on this industry recently? What is the future outlook for these and what trends are emerging? Who are the competitors, where are they located, and how are they doing? What advantage do you offer over them? Who is buying this product or service now? Describe the typical customer for this product or service.

Besides, your friends may be 100% behind you in your new venture, but, in case you are hoping to involve others who have actual money to invest, you may need to be able to make a convincing case. Wouldn't it be nice to have anticipated possible questions and be ready with plausible answers? If you are risking your own money, that is perhaps even a stronger reason to do some indispensable planning.

A website reflects the uniqueness of a particular business organization and serves as your representative in the Google search. So, if you are planning to design a website for your organization make sure you choose the accurate web design for your company's website.

Executive Summary - One to three pages that summarize all the information to follow; come back and write this last.

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