Strategies and Challenges of Building a Successful Business Model for Start-Ups

Intan Umull Magfira Sary; Agung Winarno

doi:10.55927/fjmr.v4i5.211

Authors

Intan Umull Magfira Sary State University of Malang
Agung Winarno State University of Malang

DOI:

https://doi.org/10.55927/fjmr.v4i5.211

Keywords:

Business Planning, Strategy, Start-Up

Abstract

A business plan is critical for a newly established start-up because it functions as a roadmap that directs strategic steps to achieve business goals. The purpose of this conceptual article is to understand more about the strategies and challenges that will be faced in building a new business with appropriate business planning and creating new business models and innovations. The study in this research uses a literature method that discusses more deeply business development strategies and challenges, concepts, strategies, types of strategies, business development, facing global competition, strategic management processes, business planning, components, and start-up business models. Get to know more about start-ups, characteristics, features of start-up companies, and the development of start-ups in Indonesia.

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