- Another operational area to cover in your business plan…is how are you going to support your product or service?…Just because you sell it, doesn't mean you're done.…What's it going to take to deliver aftercare?…To handle returns?…To deliver customer service…when your customers have questions?…How are you going to staff that service?…Are you going to insource it and have people…within your organization who do it?…Are you going to outsource it to another organization?…Are you going to make it self-help?…What are the expectations that your customers…are going to have for this support?…How many calls do you expect?…How many incidents are you going to handle?…What's the return rate on your product going to be?…And what expertise is going to be required…to handle some of these issues?…You need to spell out all of these operational components…in your business plan, because if you don't think about them…you're going to have operational challenges down the road.…
Let's look at an example.…When the internet was first booming,…
Author
Released
9/17/2015- Define the problem your business solves.
- Determine a product and revenue model.
- Build a go-to market strategy.
- Describe the components of a product development roadmap.
- Explain how to brand and market a product.
- List criteria for choosing suppliers.
- Identify common pitfalls of business plans.
Skill Level Intermediate
Duration
Views
Related Courses
-
Developing a Competitive Strategy
with Anil Gupta1h 4m Intermediate -
Strategic Planning Foundations
with Mike Figliuolo1h 22m Intermediate
-
Introduction
-
Welcome1m 11s
-
-
1. Defining Your Business
-
Sizing the market1m 55s
-
2. Understanding Your Market
-
How you rank vs. competitors2m 48s
-
3. Defining Your Product
-
Protecting your market2m 41s
-
Developing your product2m 23s
-
Delivering your product2m 4s
-
4. Selling Your Product
-
Pricing your product2m 36s
-
Selling your product2m 20s
-
Supporting your product2m 11s
-
5. Running Your Operations
-
Managing production2m 3s
-
Managing suppliers2m 20s
-
6. Managing Your Business
-
Leading the organization1m 52s
-
Getting advisors2m 2s
-
Compensating leadership2m 13s
-
Administration1m 20s
-
-
7. Projecting Your Financials
-
Financial assumptions1m 47s
-
Financial forecasts2m 20s
-
Capital requirements2m 27s
-
Financial risks1m 50s
-
Exiting your business1m 53s
-
-
Conclusion
-
Business plan pitfalls1m 54s
-
Next steps1m 18s
-
- Mark as unwatched
- Mark all as unwatched
Are you sure you want to mark all the videos in this course as unwatched?
This will not affect your course history, your reports, or your certificates of completion for this course.
CancelTake notes with your new membership!
Type in the entry box, then click Enter to save your note.
1:30Press on any video thumbnail to jump immediately to the timecode shown.
Notes are saved with you account but can also be exported as plain text, MS Word, PDF, Google Doc, or Evernote.
Share this video
Embed this video
Video: Supporting your product