Planning your business

Starting a new business is exciting and you are keen to get started making the dream a reality, so it is not suprising that many businesses are set up without adequate market research. But if you fail to do the research then you dramatically increase your chances of failure. You and mentor can establish:

Your target market. Who will be your customers, suppliers, products/services and competition.

The size of your market.

Opportunities and threats to your business.

How are you going to achieve a competitive advantage, price or quality.

It is crucial that you prepare a business plan from the start, so you and potential investors can clearly see the commercial sense in your business idea.

You and mentor can go through this step by step until you are happy, clear and confident with the finished article.

Setting up a new business for many people is one of the most daunting things you can ever do. Mentor has a unique approach to getting things done that involves setting clear 'milestones' and 'to-do's' that clearly identify what is going to happen when and who will be involved.

You can be anyway in the world and still have secure access to your business project, Mentor's web-based project management tool is 128-bit encrypted and therefor totally secure.