I'm starting a visor company called The Point. I have set up week by week markers during my R&D phase which is going to last 6 weeks. Here is what the structure looks like.
Week 1- personal and business logistics (the legalities of starting and running my business along with everything i'm thinking about it and self analysis. I figured if I focused on this information to being with, it would be easier for me in the long-run to get everything going once the business proposal was finalized.)
Week 2- Business development (this is the pillars to my business structure, why i'm starting it, what I want out of it, what my markets are)
Week 3- Product Development (since I know the style of visors i'm going to make, i did this after business development so that I can incorporate my mission statement and business philosophies into my products)
Week 4- Market development (this speaks for itself)
Week 5- Operational development (what running my business day to day will probably be like)
Week 6- Financial development (just planning all the finances and getting all the expenses figured out and finalized)
Week 7- Finalize all plans and put it together
So as of now, I am on week 2 and seem to be stuck with the target market portion. Maybe i'm thinking too much and too deeply about my target market but I just can't seem to find a way to tackle this. If anyone has any experience in this i'd greatly appreciate any feedback (good or bad) you're willing to give me. My main goal from starting this business isn't to get rich, hell that's not even on my goals list. My goal is just to learn as much as possible about starting and running a business while i'm 19 and still in college.
Week 1- personal and business logistics (the legalities of starting and running my business along with everything i'm thinking about it and self analysis. I figured if I focused on this information to being with, it would be easier for me in the long-run to get everything going once the business proposal was finalized.)
Week 2- Business development (this is the pillars to my business structure, why i'm starting it, what I want out of it, what my markets are)
Week 3- Product Development (since I know the style of visors i'm going to make, i did this after business development so that I can incorporate my mission statement and business philosophies into my products)
Week 4- Market development (this speaks for itself)
Week 5- Operational development (what running my business day to day will probably be like)
Week 6- Financial development (just planning all the finances and getting all the expenses figured out and finalized)
Week 7- Finalize all plans and put it together
So as of now, I am on week 2 and seem to be stuck with the target market portion. Maybe i'm thinking too much and too deeply about my target market but I just can't seem to find a way to tackle this. If anyone has any experience in this i'd greatly appreciate any feedback (good or bad) you're willing to give me. My main goal from starting this business isn't to get rich, hell that's not even on my goals list. My goal is just to learn as much as possible about starting and running a business while i'm 19 and still in college.
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