How Does the Business Work?. The Business Plan and the Business Model. Margarita Antonova. Volunteer Trainer @ Telerik Academy. academy.telerik.com. Business System Analyst. Telerik Corporation. IT. Developers. Business. Product. Table of Contents. Software product vs. SaaS
The Business Plan and the Business Model
Volunteer Trainer @ Telerik Academy
Business System Analyst
Defining the combination of product and services we are selling
a single application or a group of applications built to be used by the client
the client owns the product and usually needs to install it in order to take advantage of it
Short term planning for the success of your business
How much money is required to get your business started and generating revenue?
Identify needed capital requirements by determining where your business stands today, and what is needed in order to move forward.
Where do you get your money from?
If you are in need of outside funding, what will be the sources and uses of funds requested.
What needs to happen to break-even?
Play around with financial projections and forecasts to determine the volume of sales needed to cover your expenses and to become profitable.