Business Model:

Setting up an entrepreneurship (Manufacturing of Mini-Solar Water Heater) of capital of between $10,000 to $50,000 with a brief description of each of below categories:

Location and Facilities:

• Describe the physical location(s) of your business. (Assumption)
• Describe the location of other important sites such as contract manufacturers, testing services, labs, etc that may be necessary for the operation of the company.
• What are the advantages of the location of your company?

Production and quality control:

• Describes how the product is manufactured. This can include onsite and offsite manufacturing.
• What are your plans for ensuring quality control?
• What is quality control versus verification testing document
• What is needed to identify testing processes
• Are the processes expensive, time-consuming, or require outsourcing?

Inventory management

• How will you handle inventory, including materials, parts, completed products, etc.
• How will you keep enough on hand to sell but not overinvest in inventory that will sit on the shelf?

Supply and distribution

• Describes where you order parts and supplies from (you dont need specific companies, just categories such as materials supply company). Also
• How you sell your product (will it be by direct sales, retailers, online, etc.
• How important is shipping of the product by third-party companies to ship components overseas?
• What are the benefits of using contract manufacturing to outsource all or part of your product?

Order fulfillment and customer service

• Describe how your company takes orders, processes them, and ships them out.
• Describe how your company handles returns, repairs, spare parts, tech support, training, etc.
• Whats your plan for collecting customer feedback and addressing customer concerns?

Equipment and technology

• Describe any major equipment that you need.
• identify equipment that needs to be outsourced.
• It can cover licensing if you need to license a patent.
• It can also cover information technology if it is an important aspect of your company.

Financial control systems

• How will you handle finances such as invoices and bill?
• How do you make sure that the company is staying on top of these things?
• You dont need a lot of detail here.

Social responsibility and sustainability

• What are the companys contributions to the host community?
• What are hosting community perspectives towards the company?
• What are positive impact of the company on the hosting community?
• What is the company doing to help the environment?
• What aspects of the product could have a negative environmental impact or carry some sort of social risk?
• How can these negative impacts be resolved?

Marketing and sales

• Describe how you plan to sell your product and how you will advertise it.
• What are the promotion strategy?
• What value will the inclusion of things like providing demos, attending trade shows, offering coupons, freebies, etc. bring to the company?