Establishing a business
The idea of the project arises when all the needs that needed to be done have been identified, and it has a special feature commensurate with the environment surrounding the project to ensure success.
The project model passes through several stages before starting its implementation, among which we mention the most important and essential points, and they are always the reason for the success of projects.
First: Study the idea of the project.
Studying the idea of the project is very important in order to avoid exposure to many risks and losses that could lead to the failure of the project in the beginning.
The study focuses on the project in terms of the idea, then focus on the extent of the market need for the type of product or service that the project will provide, and the availability of materials and manpower that will be employed in order to carry out the project.
After that, the decision is reached about whether the project is economically profitable for the company, or is not feasible and causes a great loss if it is implemented on the ground, which may make the idea at first need a radical or slight change as needed, or launch if the vision And the factors help to get started without problems or obstacles.
We start with basic steps that are as follows:
- Write a project plan.
- Description of the project and its products or services.
- Study potential customers and competitors and prepare a marketing plan.
- Specify the start time and the expected time period for completion.
- Preparing a financial plan for implementation.
Second, the business model.
Key Partnerships
communication companies
Electronic payment gateways and credit cards
hardware manufacturers
Main activities
Service development
Key Resources
Developers – Human
Software/Patents – Intellectual
Suggested values
Communicate free live text, audio and video with Skype users
Inexpensive direct communication with international landlines and mobiles
Relationships with clients
universal longing relationship
channels
Mobile apps
website
Customer segments
Internet users around the world: free communication
Internet users around the world: an inexpensive landline or mobile connection
cost structure
Continuous Improvement
Handling financial complaints
revenue sources
gear and accessories
Third: the economic feasibility study.
The main objective of the project feasibility study is to provide as much information as possible and build objective and logical expectations that reduce risk, risk, and uncertainty, and then reach a logical decision to adopt the project idea and move to implementation, or neglect the project or change some details that make the project feasible and feasible.
It is worth noting that a successful feasibility study cannot be conducted based on subjective or personal expectations, because the basis of the feasibility study means real data, and how this data is collected and analyzed plays a crucial role in the credibility of the feasibility study.
Fourth: Organizational Procedures
Administrative and financial organization and operational organizational procedures that help the institution to perform its work according to a professional commercial perspective by focusing on the most important procedures that achieve effective planning, organization, direction and control to perform their tasks effectively.
The importance of forming an organizational structure, including:
The organizational structure is one of the effective means in achieving the efficient flow of business flow through its role in ensuring, unifying and coordinating the various organizational activities.
1- The organizational structure ensures for the organization the efficiency and effectiveness of activities in accordance with the set objectives.
2- It helps in allocating powers and responsibilities.
3- Determine the necessary means to supervise the work.
organization elements
A unit of a specific, agreed goal.
The existence of a group of human and material resources that are harmonious and integrated with each other to achieve a specific goal.
– The participation of employees and their cooperation in achieving the goals.
– Participation of workers in the realization of pre-prepared plans.
– Type of assignment – Type of job – Stages of work – Job structure – Geographical scope – Stages of work.
How to organize management
- Design the organizational structure and describe the tasks and responsibilities of jobs, and the specific operations to be performed.
- It identifies and limits the responsibility for decision-making in each procedure.
- Adapting the organizational structure to the business requirements to obtain the efficiency ratio between the inputs and the outputs.
- Measuring performance with its multiple indicators and monitoring deviation from goals.
How to organize financial management
The establishment of a sound financial system is one of the most important matters of the institution, and therefore the financial management plays an important and successful role when organizing all the components of financial management, the most important of which are:
Financial Accounting: It means calculating the amount of the company’s revenue and the amount of expenditure to determine whether the company’s goals have been achieved or not?
– The company’s annual plan includes issuing financial statements calculating expenses and income, then analyzing and comparing them with each other.
Issuing financial reports to document the process of using the company’s financial materials, in a manner that is consistent with the plan, so that the financial reports must be accurate and in a timely manner, in addition to the financial report being supported by the relevant financial documents.
Internal control and direction
- Maintaining adequate financial resources of the facility. Ensures good profits for the investors. Optimum use of the company’s financial resources and effectively. Achieving financial security, which creates new investment opportunities.
- Strengthening financial control through financial planning as a basic rule that contributes to the examination of financial activities.
- Helping to avoid crises and surprises that negatively affect the work environment.
- Linking the present and the future with a follow-up to the current special requirements in the funds of the enterprise, with the expected in the future; By setting a set of expectations and plans that seek to support the company’s growth and sales development.
