To develop an outstanding business, every entrepreneur should create a systematic approach. Central importance should be given for systemization,dairy consultant of your ideas that helps to sustain in the competitive market. Below are the list of questions that kindles your ideology for a successful business.
- General criteria:food lab in chennai
Is this your real Passion?
Is your idea Food legal?
What is its environmental impact?
Will it have wide social acceptance?
Will it have any negative impact?
What’s your budget, Does this idea meets your business goals?
Is the risk factor acceptable?
Is this business location sensitive?
What dependability requires?
Do you possess all skill and knowledge for this idea?
- Industry criteria
Who is your competitor?
What is your competitive edge?
What pricing range are you planning?
Planning for own or contract manufacturing?
What are the resources required for your Idea?
- Market Criteria:food product development
Does your idea fit into a trend?
What is the demand you see for it?
Is it seasonal?
Is it a fad, or does it have long-term value?
Define your ideal customer?
Why they have to buy your product?
Will your product will be in demand of next 3 years , 5 years, 10 years and 15 years?
Write down your brand story?
- Product criteria:food technologist
How much will it cost to get your idea to market?
Does it require any technical support?
What quality will be your product?
What’s your product design?
What’s the shelf life of the product?
Techno - Economic feasibility of your idea?
Relax and analyse deeply to answer all the question deeply and think like you are consultant, have got many ideas to evaluate and choose best out of it. Have minimum of 5 ideas before starting your evaluation. A single idea generates in Million dollars and swipes off Million Dollars. Before investment analyse, evaluate and Walk in street as customer.
---------All the Best for your Multimillion dollar idea -----------------
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