Understand

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Understand

Understand the needs and goals of the community. This involves conducting research to identify the challenges and opportunities that exist, as well as the key stakeholders who should be involved in the process.

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Set-up

This involves creating a plan that outlines the goals, objectives, and activities of the program. You’ll also need to identify the resources you’ll need to implement the program, such as staff, volunteers and funding.

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Run

This involves implementing the activities and initiatives identified in the setup phase. It’s important to track progress and make adjustments as needed to ensure that it’s meeting the needs of the community.

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Scale

This involves expanding the program to reach a larger audience or to address additional needs. It’s important to evaluate the success of the program and make adjustments as needed to ensure its effectiveness.

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Step 1: Understand

This is where you diagnose your business idea to figure out whether it is viable or not. You also test your business model in this step.

This is a critical step in the business planning process, as it can help you avoid making costly mistakes later on. Here are some of the things you should consider when diagnosing your business idea:

The market: Is there a demand for your product or service? What is the size of the market? Who are your target customers?
The competition: Who are your competitors? What are they doing well? What can you do better?
The business model: How will you make money? What are your costs? What are your margins?
The team: Do you have the right team in place to execute your business plan?
The finances: Do you have the financial resources to launch and grow your business?