Venture Planning and Development

The Importance of Venture Planning

  1. Planning for a venture helps identify the needs of people, finding out what their pain points are and providing a solution.
  2. It provides an answer to non consumption
  3. It gives rise to innovative solutions as it identifies inefficient processes either within the society or an organization;
  4. which in turn creates efficiency in society and organizations.
  5. It keeps organizations ahead of their competitors and abreast of the dynamics of their industry.
Photo by Randy Fath on Unsplash

Breaking It Down Into Steps


  1. Get Familiar with Your Potential Competitors

Starting the Venture

  1. Set Clear Goals



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