Development should include coordinating all elements pertaining to
- facilities
- employees
- merchandise
- equipment
- licenses and certifications
- insurance and legal requirements
- marketing.
Development should include coordinating the most common elements of a launch plan:
- Executive summary
- Product description
- Target audience
- Key messaging
- Measurable goals
- Important dates and milestones
- Designated team members
- Marketing channels
Process/Skill Questions:
- How does a business determine its staffing needs?
- How does an entrepreneur organize items that must be completed before opening a business?
- What are common problems encountered by entrepreneurs when opening a new business?
- Why is employee training important?
- Why is it important to set up a timeline?
- How can new technology play a role in helping a business streamline costs and track sales and inventory?
- What type of local government and community support is available to assist the opening of a new business?
- How does the opening of an online business differ from a traditional brick-and-mortar business?