No need to be a big company to be an innovative business. There are many success stories of entrepreneurs and small businesses that started in a garage or at home, and created an innovative product.

Before trying to be an innovative business, worth seeing how they started some small innovative businesses, which eventually became giants in their industries.

Innovative Business Case 1: Microsoft
The classic case of innovative business ideas is Microsoft. We’ve all heard the story of how Bill Gates developed an idea that seemed inconceivable at the time: the operating system. At this time, computers were mechanical rooms, in need of punch cards for computation. Being young (Gates and Paul Allen) without capital, without completing their education, Gates and Allen developed their own version of an operating system, which was the MS-DOS. This system revolutionized the way we use computers, and later would become the standard for computers.

Innovative Business Case 2: Ikea
The second example of innovative business ideas, is one of the Ikea stores. This is a multinational Swedish company that sells unassembled furniture and products. For example, computer furniture that come in parts, and assembled at home with an instruction. At the time that Ikea was founded (1943) this idea was absurd. Who wanted to buy one and get it to assemble furniture in your house? However, through affordable, attractive designs and easier logistics (since away in the car to arm the furniture), it was like now, this shop is worldwide, with 470 million visitors a year . Interestingly, it also reflects the story of Bill Gates, is that the founder was a 17 year old named Ingvar Kamprad, which began operations in a small shed at home.

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Franchises High consumption has become an accessible alternative of self-employment and entrepreneurship, where the main requirement is a desire to make the leap and become an entrepreneur.

“The issue is to bring business entrepreneurs an option with low investment,” says the executive.

In March, following his entrepreneurial spirit, Rodriguez de la Mora Infinance launched a new franchise format that seeks to be an intermediary to guide individuals who want to buy a house, to choose the bank that gives them the best credit options.

In the past two years, one-price stores have sales growth exceeding 600% and 25% increase in the number of franchisees.

Francisco Rodriguez says there is scope for further progress, claiming that expansion into Brazil in 2011 would not only foray into a new market, but given the opportunity to carry products made in Mexico.

Therefore, insurance says: “When you have the capital, you do not have the skills to enter the fields you want, but good ideas always have open doors anywhere.”

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The process of preparing the business plan provides:

* a good structure for the development of your idea and helps you to do the planned activities
* a more realistic picture of the planned activities, and says nothing about future prospects and potential
* a written summary of: knowledge and abilities, business, products / services, target groups / market choices, selected strategies, market potential, organization, and economy of effort

Why you should prepare a business plan?

* it prepares you to start establishing their own or expansion of existing companies and enterprises
* it explains what and how to do it, while it shows you and others why you do it
* it clarifies a number of goals that you and others can relate to you
* it gives a realistic picture of the business – future plans and opportunities
* it gives you a basis for commitment and an awareness in relation to the choices and decisions that you face

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This presentation should be accompanied by audiovisual aids. The use of PowerPoint slides could be a good alternative.

Another support for our presentation, could be the physical presence of the product that we create as well as some of the elements related to it as, for example, some elements of advertising.

Also, if possible, you should submit a copy of our business plan to each attendee.

We note that our presentation should be a summary of the highlights of our business plan, so it should not last more than 20 minutes. A higher exposure to that time, could lose the interest of attendees.

Our oral presentation does not necessarily follow the same steps that we have developed in the written plan. A good oral presentation could include the following:

* The definition of the project: the first thing we do in our presentation is to explain clearly what our business or product, and to identify what will be its main features, highlighting those features innovative or differentiated.

* Market Analysis: At this point we should point out what our target audience, what are its main features, what our sales forecast and what are some of our key business strategies, highlighting those that will enable us to bring our products to consumers .

* Organization: At this point we should point out who will be responsible for carrying out the project, which will be the structure of the business, what your areas, positions, functions, information systems. At this point we give the impression that our business will be a professional and well organized business.

* Investment of the project: at this point we should note what the investment required for our project, how much our fixed investment amount, how much our investment in intangible assets, how much our working capital, and then point out how much capital available and what we require external financing.

* Evaluation of the project: At this point we have to summarize the results of our financial assessment.

* Conclusions: and finally, at this point we must note the main conclusions we reached in developing the business plan. Among the findings should include the reasons why we have found our business idea attractive, and the reasons why the project is feasible and profitable shows.

By doing our oral presentation, we should not try to tackle it all, we must remember that every bit of detail in the plan should be written so in the oral presentation should highlight only the most important.

We must also remember that our main objective is to create interest in the project, so as in any show, we show security both in ourselves and in our idea.

And finally, one topped our presentation, we invite the audience to ask the questions that we see fit. If individuals know all of our project, we should have no trouble answering any questions.

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Small Business Starting With Five Easy Steps

1. Business Ideas: You consider what business you want to start? Many people have a desire to be a business owner or entrepreneur, but do not know what business they want to start. Maybe you are looking for a small business franchise opportunity or you have your eye on the existing small business you are considering buying or investing into your after brainstorming some business ideas and business that you know what I want to start up, it is time for the real work begins.

2. Business Plan: after you have your business idea on paper you need to begin building a business plan. This is important because how you and others will evaluate the potential of your business. If you are considering financing, lenders or investors will want to see a definite business plan before they will consider your budget. Even if you are financing your own business you still need a written business plan to develop business strategy and financial projections. It is important for a business plan is a marketing strategy that will apply to advertise and promote your products and services. Setting goals in your business plan will enable you to analyze future business success and explains the capital needed to ensure profitability of the top progressive.

3. Financing: Now that you have your business plan, you need to consider financing. Many small businesses have three main areas in which capital can be raised in addition to or alternative to personal savings are possible: the family and or friends, investors, bank loans. Each option has several key considerations for businesses. Family, friends and investors will want to have ownership and control over most of their business. Bank loans can burden the business with high interest rates through loan payments and this can have an adverse effect on your small business profits.

4. Getting Started: You now have an idea, plan and money to start your small business. In addition you will need the proper mindset to direct your focus to the front so you can start getting results. Yet another key element to start your small business is very important to the mix. Your small business legal structures is important for small business owners who legitimately. First, you will need to decide whether you will be the Individual Single, resides in the Partnership or operate as a Corporation. Financing options will depend on the legal structure you choose. Once this has been decided you can file with the state (U.S.) to enter and obtain a federal identification number.

5. Open the Doors Business: it is time to start making money. In order for you to spend money. Where is your business located? Do you run a home based or office you need to rent a commercial space to provide products and services to your customers? Do you need to hire employees to help you run your small business? Or do you need to outsource some of your marketing to a specialist or expert? How to hire an accountant or bookkeeping? Then of course you need to consider taxes. What you should pay taxes and collect?

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