Answers
Topic:
FROM IDEAS TO SUCCESSFUL BUSINESS MODEL
Do you know up to 80% of new businesses fail within their first 3-5 years? What are key elements of good business ideas? Key steps & condition to turn an idea into a successful business model? Discuss with Anphabe advisor and members to learn different practical views.
Advisor:
Nguyen Thi Hong Trang
Managing Director
Quadrill & Vera International Ltd.
Timing:
Sponsor
The discussion is open from 22-07-2011 to 08-08-2011
The advisor answered on 05-08-2011
Who is the Judge of a successful business plan ?
Answer2
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1311748982
With the current uncertainty on world markets - how do you qualify that a business plan is a success?
Investor acceptance or the client buy in?
Answer2
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Pages
- Nguyen Thi Hong Trang1312539677
Hi Alexander. I think it’s not who but by which criteria you judge a plan. You need to have a clearly-defined criteria to judge a business plan in each phase: could be the market segment, profit, or both, etc. Then, do the assessment by the end of each phase to measure the effectiveness :)
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