Problem 1: Location or proposed location
If you have a location picked out, explain why you believe this is a good location for your startup.
If you haven't chosen a location yet, explain what you'll be looking for in a location and why, including:
- Convenient location for customers
- Adequate parking for employees and customers
- Proximity to public transportation or major roads
- Type of space (industrial, retail, etc.)
- Types of businesses nearby
Focus on the location of your building, not the physical building itself. You'll discuss that later, in the Operations section.
Problem 2: Distribution channels
What methods of distribution will you use to sell your products and/or services? These may include:
• Retail
• Direct sales
• Ecommerce
• Wholesale
• Inside sales force
• Outside sales representatives
Problem 3: For a real business plan you would submit, you would need to submit a 12-month Sales Forecast. Read this article and answer the following:
A) What is the purpose of a Sales Forecast?
B) What are direct costs?
C) What information is included in Sales Forecast?
D) Which type of accounting is best to use with a sales forecast -cash or accrual?