What should I focus on, when I set up an effective business development plan for a startup company, in your opinion?

The channels through which you decide to do business development

digital marketing and designer

CS and communication skills

soft and hare ware

strategy to start and ur goal

 

First analyze the services/products you're going to provide then study your market, the demographics, buying preferences/needs/wants etc. and the strategic marketing promotion you're going to apply to gain customer. 

You must focus on studying the market of this new business & whose client will demand this new products.

You need to scout out all the information to create a winning strategy for the game. While business plans for existing companies may have a special focus, such as setting overall goals, reviewing specific operations, evaluating new products, assessing new technology in the industry, or some other specific purpose, the business plan for a startup company is the blueprint for its formation, its operation, and its success. A business plan exposes a new company's strengths and weaknesses. It reveals ways to capitalize on the strengths and minimize the weaknesses, uncovers every facet of the business that can be developed, and points to the best method for that development. It provides a structure for the company's pursuit of the winner's trophy

Focus on the following when you write your business development plan:

1. The distribution channels and how much will each channel / outlet distribute

2. Strategic partners who can cross sell your products / services

3. Your sales team's quotas and control system

4. Your non-paid PR campaign

5. Your online marketing strategies. 

Prioritise your target customers by degree of ease in accessing and securing business that will increase your company profile fast and keep your team busy. Don't think you need to land the big fish Day 1. You need to keep the lights on first!

Think from your customers point of view and draw a long term and short term strategy. Make flexible systems that can accommodate change required in any start up. Have a learning and development system in place from day one.

For a start-up business, creating a business plan is like creating a game plan in sports. You need to scout out all the information to create a winning strategy for the game. While business plans for existing companies may have a special focus, such as setting overall goals, reviewing specific operations, evaluating new products, assessing new technology in the industry, or some other specific purpose, the business plan for a start-up company is the blueprint for its formation, its operation, and its success. A business plan exposes a new company's strengths and weaknesses. It reveals ways to capitalize on the strengths and minimize the weaknesses, uncovers every facet of the business that can be developed, and points to the best method for that development. It provides a structure for the company's pursuit of the winner's trophy.

Prior to writing your business plan, there are several issues you must resolve. It is beyond the scope of this text to cover all of these in depth; however, a basic checklist with a few recommended reference books is provided, so you can explore some of the subjects more thoroughly. As an entrepreneur of a start-up company:

·         Are you prepared to operate a business?

·         Have you already decided upon your product(s) or service(s)?

·         Have you investigated other types of businesses? Have you explored the broad economic business sectors: manufacturing, wholesale, retail, service...? Have you considered other industries within the sector of your choice? Have you thought about what types of businesses are strongest now and for the future?

·         Do you have a location in mind? Have you researched the principles of site selection: physical site needs (addressneighbourhoodod, interior lot, corner lot), cost effectiveness, interior space, exterior space, visibility, traffic volume (which side of the street and times of the day), and accessibility? Are you familiar with the advantages and disadvantages of types of sites, such as freestanding buildings, storefronts, regional malls, and many others? Are you familiar with the principles of lease negotiation? Have you located the necessary business consultants--accountant, attorney, banker, and others?

·         Do you know your financial position, your credit rating, and your investment costs? The author's No Money Down: Financing for Franchising covers these topics in detail for any business, not only franchising.

Before going forward, it is assumed you have done the basic homework for each of the elements above and that:

·         You are ready to go into business

·         You have your basic business concept

·         You have decided on your basic product(s) or service(s)

·         You have your location and facility

·         You have a business accountant and attorney

·         You understand your financial position and your investment costs

While you may have already explored the following business concepts during your start up stage, you will be reconsidering and revaluating these as you develop your business plan:

·         Vesting

·         Business objectives

·         Mission statement

·         Keys to success

·         Industry analysis

·         Market analysis

·         Competitor analysis

·         Strategies

·         Marketing plan

·         Management

·         Organizational structure

·         Operations

·         Financial pro formas

·         Break-even analysis

·         Financial requirement

 

Don't be concerned if you aren't familiar with all of these concepts. Writing a business plan for your new business is a straightforward process that you can move through step by step to completion. 

Thanks for the invite I agree with the experts answers

thanks invite. ....Support answer Mr ahamad