I am certain you’re greater than conscious that in beginning a brand new business – as with running it Time is money, therefore we don’t wish to waste it on undirected thinking and planning. Our Triage process is made to occupy a maximum of two full business days.
Once we begin the entire process of thinking your company idea through, I wish to expose you to two analytical tools that may help you during your project.
The Look Spiral
Is really a tool to solve complex issues like establishing a effective business. It’s essentially quite simple. Make a wheel having a rim along with a hub connected by spokes: within our situation eight spokes:
Your Specific Selling Proposition (USP)
Your Market
Your Competition
Your Operation
Profits Forecasts
Your Costs
Your Break-even
Your Triage.
Your beginning point is on top spoke – your USP – as well as on the outer rim. The way to go lies in the hub where all of the spokes meet harmoniously.
Your USP – Unique Feature – may be the aspect(s) of the business that separates you against your competition: location, convenience, quality, cost and so forth written lower in one paragraph.
Knowing that you could define your market: what you will really sell, who’ll you target, how would you target them.
Using these two solutions you’ll have a far better concept of who your competition – indirect and direct – is going to be.
You now sort out all of those other spokes, every time knowing a bit more than ever before before you arrived at the triage spoke.
Our business triage, just like a medical triage, identifies three options about each one of the seven solutions you’ve achieved:
It is a killer and we must re-think the entire project
This spoke needs serious and immediate attention
This spoke works for all of us.
Now we return to our USP and amend it based on the triage results, however this time with a far greater appreciation of our solutions to ensure that we ‘spiral’ in towards what you want that lies in the hub from the wheel.
