Five Step Enterprise Development

1-Conceptualize: the first step in developing your business is doing ideation as to what you are going to sell in the market by researching into market needs and how to develop products, within your capability, to optimize on these needs

 2-Plan: now, draw up a business plan to a systems-based product specs, incremental costings and setting of ROI goals – market-wise, industrywise, manufacturing-wise and distribution-wise

 3-Marketing: as an entrepreneur, you must target a market and set what possible sales you can achieve per your value positioning – involving branding, product differentiation and pricing – and economic considerations; when marketing B2B and in export trade

 4-Process:  production is the most challenging aspect of implementing a product idea – from product/packaging (choices among the many packaging formats and their materials) to compliances with graphic and structural regulations

 5-Distribution: for products and materials to journey to their customers through supply chain management, storage and transport from point of origin to point of consumption