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Young
people with projects: the idea for entrepreneurship ... How do?
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I am |
YES |
NO |
| Curious | ||
| Courageous | ||
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Competitive |
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| Lots of initiative | ||
| A leader | ||
| Accustomed to make decisions | ||
| Ready to take on responsibilities | ||
| Someone who loves to work | ||
| Persévérant | ||
| Sure me | ||
| stubborn | ||
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Someone who bear much stress |
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| Someone who likes the changes | ||
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Ready to take risks |
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| Someone who loves the challenge | ||
| Someone who learns by mistakes | ||
| Someone who has good contacts with people | ||
| Someone who gives confidence | ||
| A good organizer | ||
| Someone who knows his time planning | ||
| Realistic | ||
| Optimistic | ||
| Creative | ||
| A little entrepreneur since childhood | ||
| Encouraged by his entourage | ||
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If you have a lot of yes, it is best to create your business |
2. The idea of the project:
Many people believe they have an idea that is worth gold, and this could well be the case!. Have an idea is easy, what is difficult is to find ideas that you will make money depending on your skills, experiences and interests. It is one thing to have a sensational idea, but what is even more important is knowing what to do with this idea and how to achieve his ends. An idea has no value until it becomes a concrete product that will sell at a price that the consumer or end-user is willing to pay. We offer a simple and pragmatic standard that you have to tailor it to your field of activity. We must have an idea own a home, whether it is not the idea of another. The project idea must be at the origin of the project and not vice versa.
Market research is a simple process of gathering
information.
It allows a person to project the level of sales of its
new product, its profits and the best way to maximize sales.
If a
person does not study, it can not know whether it is in the process of
developing a product that is already on the market, if there is a demand
for its product or whether the product can be profitable.
By cons,
if the study reveals that a product meets a certain need and could be
manufactured and sold for profit, then there might be a potential demand
for your product idea.
Here are some questions to be answered to determine the
quantity of products you can expect to sell at profit and the best way
to sell:
What
do you plan to sell - a product or service?
What
needs that product or service responds?
How responds Does this need?
Who needs this product or service?
How many people will buy that product or service?
What
are the advantages of this product compared to other similar products?
What
price customers pay for what they product or service and how often they
buy?
Can it be produced cost-effectively?
To help you achieve your objectives, you must answer
these questions adequately.
Below are the four elements of marketing ...
Product or service-what the organization offers its
potential clients (example: a dish cooked Moroccan or a tourist route on
the morocco).
This is
the basic product in addition to packaging, trade name, guarantees,
etc..
Price -any product with a certain utility - the utility has a value -
the value is reflected in the price of the product, usually expressed as
a DH.
where, when, in what condition, what intermediary and how
products will be put up for sale?.
This
involves two major decisions: the means of distribution and logistics
(the physical aspects of the distribution).
Promotion - the systematic communication of product
characteristics, its price and its distribution.
Can be used to inform, persuade or recall.
There is
no ideal way to organize these four elements.
As a chef
preparing a meal, your product marketing must decide on the best
ingredients to meet the tastes of its customers.
Market Projections
Ask yourself the following questions:
What has my product?
Is it more sustainable, nature, quality or different form?
Is it appearance or design unique?
His appearance is planning Does desirable qualities?
What
are the characteristics that customers want?
What price customers are willing to pay?
How
does the product compare happen to its competitors?
Does the product can be recognized, be useful and have a
competitive price?
The
proceeds will happen less often need repair or repairs less costly than
existing products?
Most
entrepreneurs believe that their product is unique because they have
never seen anything of its kind in the stores.
In response to a market where the choice is too large, most people buy
the best-known brands, whether for a toaster, hair dryer, a razor, etc...
A
customer can buy the brand he knows best, the cheapest brand or, in some
cases, mark the most expensive.
A
Moroccan entrepreneur is facing a lot of resistance when it introduced a
product in a congested market.
It is
also important to know that many markets are dominated by large
companies.
It is therefore even more important for a young Moroccan
entrepreneur to find a niche for his product.
Know your market
To determine the overall size of your target market.
During
the marketing of a product, it is essential to know some demographic
information such as age, sex, income, the target audience, occupations,
disposable incomes and buying habits of the population.
It is important to take into account the geographic
location of his business, know the whereabouts of potential customers
and if possible their need, and what types of industries exist in this
sector.
When you set your target, you must determine the number
of potential customers if you want your product idea is profitable.
It is
important to note that products equally acceptable as yours are perhaps
already on the market.
If your product represents an improvement of an existing
product, the size of your market could be determined by the total number
of similar products which are currently marketed in the geographic
market that you have defined.
Know your customers
Who do you plan to sell your product?
How customers perceive?
How do
you plan to acquire customers?
What distribution methods will you need?
What
types of advertising and promotion will be effective to sell the product?
How promotional activities and advertising cost?
À quel
endroit votre client cible se rendra-t-il vraisemblablement pour acheter
votre produit?
Where do
your target customer will travel there likely to buy your product?
What the customer attaches importance happens to the
price?
What the
customer attaches importance Does the quality of the product or service
and its practicality?
Put emphasis on the needs of customers.
Listen to your client.
The products are not sold to individuals, even if they
are sold through individuals.
Your
customers may be composed of educational institutions, small businesses,
restaurants, suppliers, manufacturers, etc..
When you set your target, you must consider some
psychological aspects, remember that you are and you'll always be
perceived as a foreigner, if not as a competitor with all that this
implies.
It is important to know your customers.
Many
marketing experts agree that customer service is key to the survival of
a company over the years.
The excellent customer service guarantee a continuous
relationship between you and your customers.
The contractor would then market its product advertising
in magazines and catalogues of mail order.
It should also participate in trade fairs, business
meetings where he can establish contacts valuable feedback on its
product and determine which are the main buyers and if the price of a
product suitable for the client.
You run a business while it might be a need for a
particular product, but to fully understand your new business, you need
to know the views of customers.
Knowing
the needs, values and motivations of your customers, you hold a
competitive advantage.
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Know your competitors
Knowing the market price
Financing his idea
Unfortunately,
few financial institutions lend money to a young Moroccan non-established
entrepreneur who has good ideas.
A contractor did not have sufficient funds might
have to use his savings, borrow giving his property to guarantee
or recruit investors from among the members of his family and
friends. Experience
Facteurs de succès Success factors
Here are some factors that contribute to the
success of a company:
Factors failure
Here are some factors that cause failure of a
company: 3. Choice of legal forms In Morocco, in legal forms, there are two classes of legal forms:
1 - partnerships
2- Capital
companies: What legal form you choose for your company? For more Have you any idea on the tax your next business? For more |