The Business Plan

 

Comments

Post a Comment

Popular posts from this blog

Business Feedback

Image
Person: Luca Questions asked for Reference: 1. Do you think there's a place in the creative industries for a business like this? 2. Does the branding you have seen from me so far for the business (the logos and the website) seem in your opinion to suite the overall feel and stated intentions of the company? 3. Do you think the business could be financially viable?  4. What problems do you think it might encounter? 5. What do you like/dislike about the branding? 6. Any other feedback or thoughts you may have Feedback recieved:   Person: Misha Questions asked for Reference: 1. Do you think there's a place in the creative industries for a business like this? 2. Does the branding you have seen from me so far for the business (the logos and the website) seem in your opinion to suite the overall feel and stated intentions of the company? 3. Do you think the business could be financially viable?  4. What problems do you think it might encounter? 5. What do you like/dislike about...
Read more

Business Plan vs Business Model

Despite the similar names, a business plan and model are both completely different segments of a business's steps towards success. In simple terms, a business 'plan' is the planned future objectives and strategies that will lead to achieving said objectives set out in a document form. A business 'model' however, while still able to described as a plan, is more so one which plans out how exactly to succeed at each operation within that business, identifying important factors such as revenue sources, types of products, intended audience and/or customer base, and financing details. In one sentence, a business plan describes what the business wants to do and achieve, while the business model is done in order to specifically just describe how exactly they will do things order to be successful. Model There are many different types of business models a company can decide to use and follow, with the most common including Production, Advertising, Commission, Subscription, Ac...
Read more