Competitive pricing. Used mainly by retailers, markup pricing is calculated by adding your desired profit to the cost of the product. How you will price your product or service so that the price remains competitive while still allowing you to make a good profit?
If the business description is long and drawn-out, you'll lose the reader's attention, and possibly any chance of receiving the necessary funding for the project.
By structure we mean the type of operation, i. In addition to structure, legal form should be reiterated once again.
Distribution Distribution includes the entire process of moving the product from the factory to the end user.
Show why your business is going to be profitable. For example, will 65 percent of your sales be done online and 35 percent through face-to-face appointments?
To determine just what constitutes a key asset or skill within an industry, David A. This is important if you're seeking funding; the investor will want to know just how dependable your information is, and won't risk money on assumptions or conjecture.
When describing the industry, discuss the present outlook as well as future possibilities.