How to write a project idea



Contents

  • Project 1
  • 2 How to write a project idea
  • 3 project owner skills and attributes
  • 4 reasons for the project failure
  • 5 foundations for project success
  • 6 videos of profitable and inexpensive project ideas
  • 7 References

The project

The world of trade and industry is witnessing an accelerating race that enhances the thinking of many capital owners in investing their money in several projects to achieve income and financial profits, as well as to contribute to providing a set of benefits to society within the field of work of each project . Generally, projects need a specific and main idea, an interest in planning, organization, careful study, and awareness of the work environment in which the project will operate. [1]

The project is based on designs, models and productive means that help to achieve pre-defined goals. The project represents an investment process that includes several activities that integrate together, applied during a specific period of time, and it also constitutes a means and tool for improving societies, whether its nature is service or profitable; Most projects strive to implement a philosophy based on achieving the full development of enterprises and individuals. [1]

How to write an idea for a project

After choosing the idea of ​​the project , the idea owner must prepare a plan of action and implement it to establish the project, and the plan includes several steps that help to formulate the idea of ​​the project on paper to turn it into a realistic idea that can be implemented, or abandoned and search for a new idea that is more successful, and the following includes information on how to write Project idea: [2]
  • Project description: It is a brief and short explanation of the nature of the project, and it includes a set of basic information: the trade name, the way the project is organized, the names of the project idea owners, and other information such as the name of the company to which the project belongs.
  • Defining project idea services or products: In this part a description is provided of the type of services or products that will be produced after the application of the project , mentioning expectations about the amount of sales or profits, the features of the services or products, and the approved pricing method.
  • Preparing a marketing plan: It is a review of a set of conditions specific to the project work environment, with the aim of choosing the market that will target it, identifying weaknesses and strengths, and ways of selling and promoting the project's services or products.
  • Description of the project idea implementation sector: In this part, the area in which the project works is determined, and the prevailing conditions in the work sector are studied, such as: contraction and expansion, and mechanisms that enable companies to participate in the work sector are studied.
  • Expectant customer study: is the study of customer desires, needs, numbers, description, and whereabouts, in order to be compatible with project products or services that will be offered in the target market .
  • Realizing the quality of competition: It is the study of the size and quality of competition, by identifying companies and other projects that offer identical or similar products or services within the target market, and awareness of competition includes knowing the weaknesses and strengths of competitors, and knowing how the project gets a position and place in the market among competitors Actually in the market.
  • Interest in promotion and advertising: is the choice of the owner of the project idea of ​​the method that will help him in delivering services or products to customers in the target market, it must specify the appropriate places for promotion, advertising campaigns, and channels dedicated to distributing the project services or products, and examples of these channels are: the Internet, and communication Dial, ads , galleries, and more.
  • Choosing a project idea implementation site: It is specifying a physical address of the company or establishment responsible for implementing the project , such as: selecting a separate site as a commercial store, or within a commercial complex.
  • Searching for suppliers: It is contracting with suppliers or exporters for project materials, or components that help in its implementation. Therefore, it is important to determine the extent of the project's need for suppliers, and to choose the correct and appropriate ways to communicate with them.
  • The selection of the management team: This is done by studying the nature of human resources within the facility to follow the project development and growth, and it is important to define the characteristics that the management team should be distinguished in , and include commercial, marketing and technical capabilities.
  • Preparing the financial plan: It is the step that depends on thinking about the previous steps and setting financial expectations for them. Preparing the financial plan includes all current and future expectations according to reasonable assumptions. This plan helps in obtaining financial financing in case it is needed. Therefore, a set of matters must be specified within the contents of the financial plan, such as: the capital that helps start the project, the money available to the project idea owner, and the money the project needs to start implementing it.

Entrepreneur skills and attributes

The owner of the project idea must be distinguished by a set of skills and attributes that help him to achieve success in his project, and the following provides information on the most important of these skills and attributes: [3]
  • Have the will to succeed in the project.
  • Work diligently and know the needs of customers by maintaining the project presence within a good organizational level.
  • Excellence in handling the project's financial needs .
  • Prepare for informed risks and face challenges dependent on the impact of competition.
  • Attention to organizing time, and preparing a daily schedule.
  • Learn from previous mistakes.
  • Adopting appropriate new ideas that help increase sales and contribute to coping while dealing with competitors.

Reasons for project failure

Project ideas are failing due to a set of influencing reasons, including: [4]
  • The absence of those responsible for the project.
  • Not relying on project infrastructure .
  • Ignore setting a detailed plan for the project.
  • Incorrect strategy implementation in project decision making.
  • Failure to utilize the project's resources or budget effectively.
  • The absence of communication channels between members of the project team .
  • Going beyond the main idea and idea of ​​the project.

The foundations of the project's success

Project ideas succeed because of the interest in applying them according to a set of foundations, including: [4]
  • Provide support to the project idea from senior management.
  • Know the people who are interested in the idea of ​​the project, and contribute to achieving their expectations.
  • Implement a good and appropriate plan, making sure to announce the objectives of the project.
  • Having a culture interested in achieving the project goal .
  • Relying on a committed and effective team.
  • Building good communication channels.

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