In today’s fast life every single one, once in a lifetime, thought of a start up. But only few do that and some of them survive. So here are some points one should consider before starting up. 1.) Do proper research: Being impulsive can be a huge mistake so first create a list of advantages and disadvantages you will face when quitting your job. 2.) Create a business plan : After doing proper research about it, one need to put it on paper, so that is something you can show to potential investors, partners, and other company stakeholders. 3.) Funding: Of course, funding is important to the company but before it one need to have his/her own personal finances in check whether it for rent, insurance or pocket expenses. One need to be stable in that before funding a company. 4.)Structure: After that one have to decide between different entities of business 5.) Network: One can take help from his network. 6.) Positivity: Be positive about what are you doing. Read more at: https://www.entrepreneur.com/article/294251

6 elements to get a thorough overview of the business. 1) Mission statement which gives the overview of the company it should be precise. 2)  marketplace opportunity which explains the market for the product, includes both qualitative and quantitative research. 3) Product/service information which takes an in-depth look at the product and service and how does it work explaining its key elements. 4) Sales plan where high level analysis of sales and marketplace takes place. Also showcases high level sales plan. 5) Funding decisions are composed of 3 components- idea/concept, team and ability, this is why it is crucial to compile a team. 6) Lastly, financials this tells the story of the growth of the business and is crucial most. These elements if conveyed effectively will help investors to build an effective plan that will make the business successful. Read more at: http://thedec.co/2017/01/6-key-elements-to-crafting-the-perfect-business-plan/

Business Plan is a systematic evaluation of the business goals, the reasons behind attaining them and tailoring a plan to reach up to them. The reason for the failure of many businesses is that they don't start with a business plan. It is essential as it helps in realizing the vision of next 2 to 5 years. So the start- up can always keep a check whether they are proceeding in the right direction. Must haves of a business plan are: Business Overview, Market Analysis, Marketing Strategy, and Financial Information. Before you start writing your business plan, you should honestly evaluate yourself and decide if your business idea has a good chance of success. Write down about how you intend to make money, what will be your business model. Start with your company description. A thorough description of the business environment and analysis of its strengths, weaknesses, opportunities and threats supports its marketing strategy. Financial information, gives the details of how the company will run the finances in the upcoming years. Read more at:  :  http://yourbusiness.azcentral.com/four-major-types-information-presented-business-plan-9328.html

A business plan is a written description of a business's future, a document that tells us what to do, how to do and also tells us where we stand.

And a marketing plan lays out the marketing strategies of the business. If efficiently executed, it brings benefits to the business. Megan Totka, Chief Editor, ChamberofCommerce.com, in her article at business2community.com, has shared five ways to lay the foundation for a solid marketing plan for a small business. They are:

1. Define your objectives.
2. Create a customer profile.
3. Figure out what triggers consumers to buy.
4. Establish a timeline.
5. Identify where customers find details about your products and/or services.

To understand them in detail, please visit the following link:

http://www.business2community.com/small-business/5-steps-to-a-small-business-marketing-plan-01236176

New entrepreneurs must develop an effective business plan in order to manage their costs and achieve their goals. Companies must employ different tactics to control their business expenses effectively. Here are some of the tips which businesses can apply to manage their expenses. They are: 1. Technology Can Simplify Things. 2. Maximize Productivity to Gain an Edge. 3. Delegate Tasks to Cheaper Locations. To know more about these tactics, follow: http://www.smallbusinessbc.ca/growing-a-business/how-businesses-can-better-manage-their-costs