The sooner you get from an idea to an idea that has been vetted as feasible, the sooner you get started, go back and try another idea, and of course, this process increases your chances for success. The one-pager as it is called forces the budding food entrepreneur to think clearly about the business idea and has a framework that forces you to put the essentials on one page.
The thinking behind this is if you can't get it to one page you will not be able to clearly articulate your opportunity to other stakeholders such as business associates, potential investors and banks, and retail buyers.
If you intend to purchase Business Plan Pro from our US website you will not be able to download the software.
To avoid backup CD prices, custom and excise duties we recommend that you use your local website which provides localised software.
When you are contemplating a tasty new specialty food or beverage product to build a business around, you want to get to the feasibility of your idea—meaning how successful it might really be.
Feasibility is the first step in your food entrepreneurial journey because not all ideas are opportunities.
I had a lunch with a distribution executive once and he explained that they didn’t conduct strategic planning because, “Who really knows what a strategic plan is, anyway?
” I’ve also heard – many times – “What’s the point of doing a strategic plan?
It’s better to clarify the alternatives and make hard choices. The fifth component of a business strategy is a set of dashboards and a financial plan that forecasts the results you expect to get from your strategy and illustrates how they will meet stakeholder requirements over the next three to five years.
Your strategic planning process cannot be separated from your annual budget process.