Part 3
How do I plan for success?
A simple overview of a new business involves the following stages:
- Come up with business idea
- Make it
- Work out how to sell it
- Launch!
- Promote it
- You sell your offering for more than it cost you to make
- Customers buy it and give you money
- You keep some profit, and put some back into the business
This is a very simplistic view of how a business works. To simplify it further, business is selling things for a higher price than it costs you to make them, and finding someone to buy at that price and thus making a profit.
If you take this simple view of business then there are three things that will underpin your ...
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