PLAN
A start-up is only an idea until the owners make a plan for the future.
Envisioning the future of your company is essential in creating a successful start-up. Investors and competition judges look in depth into your future plans for the company. There are a few things one must estimate before even creating a pitch. First, the usability of your product. Where and when can your product be used? Will your product go out of style? What is the approximate lifetime of your product? The next big question that must be answered is the means of profit. How much will your product cost? What is the actual cost to produce 100, 1,000, and 10,000? What will the markup be? Finally, one must have estimated sales for the foreseeable future. There must be considerable evidence for your case in this projection.
As you formulate the plan for your new company, creating business model will help you organize your ideas. The business canvas model is composed of ten different subsections: key partners, key activities, key resources, value propositions, customer relationships, channels, customer segments, cost structure, and revenue streams. The explanation of these sections can be found in the following links.
Questions To Ask Yourself About Your Canvas - http://fruitachamber.org/2016/04/11/fruita-chamber-presents-business-model-canvas-a-five-part-series/
Videos About What a Business Canvas Model is: