Stephanie Faris is a novelist and business writer whose work has appeared on numerous small business blogs, including Zappos, GoDaddy, 99Designs, and the Intuit Small Business Blog. A business concept paper can be a great way to get your plans in writing, providing the guidelines you need once you start networking and raising money to fund your new venture. ). She worked for the State of Tennessee for 19 years, the latter six of which were spent as a supervisor. Write everything down. If you are writing a concept paper for the first time, follow these simple steps to get started: 1. Your business concept paper should emphasize what gives your products a competitive edge as well as a brief description of your ideal customer and the strategies you'll implement to market your goods and reach the target audience. A business concept paper is a fairly brief document detailing the basic concept behind your business. 3+ Concept Paper Templates – PDF. Write a Concept Paper. Parts of an Essay Introduction The introduction guides your reader into the paper by introducing the topic. But if you let your concept plan go idle, you may find yourself needing to go back to it at some point – and it will be painfully out of date. While individual guidelines may vary, the format of a concept paper and many important elements remain the same. Whenever an idea has to be explained, a concept paper is needed. It seems like everyone has a great idea for a business, but not everyone takes the steps necessary to start one. Estimate your expenses and potential revenue. Once your concept paper is complete, it can be tempting to set it aside and forget about it. If you already have a mission statement, take a long look at it and make sure you keep it in mind as you formulate your paper. You may find that without this occasional refresher, you quickly lose sight of your company’s original mission. A Concept Paper is about the in-depth analysis regarding an intangible thought, theory, or idea. The purpose of a concept essay is to inform your reader on a specific topic: “Successful explanatory writing presents information confidently and efficiently, usually with the purpose of educating the reader about a subject, Rise B. Axelrod and Charles R. Cooper explain in The St. Martin's Guide to Writing. If the audience has no knowledge about the topic, your job should inform them. help you write and organize an essay. Although concept papers are briefer than business plans, they still need to address the core questions someone might have about your product or service. In doing so, you’ll take a look at your original concept and compare it to where you are now. Ideally, you ideally will have identified a problem and be able to explain how your product or solution will solve it. Outline your unique selling proposition, such as the fact that your supplements are made with organic ingredients in FDA-approved facilities. In research, it is important to elaborate the points of why you are doing it. You’re probably already familiar with business plans, which are often required once you begin seeking funding. But it should be detailed enough to include what problem your product or service solves, as well as your target demographic and how you plan to market to them in a way that sets you apart. Pinpoint whatever makes your idea unique and worthy of attention. The extravagant notion of the self concept has served as a highly favored subject for scientific investigations as well as concept essays. Plus, regularly reviewing your business concept paper takes less time than going back through your multi-page business plan. Given the intricacy of this subject and the space for thinking it provides people with, the matter of the self-concept is frequently chosen as the topic for essays. This type of essay can be written on any essay length. It should The Advantages of Writing Concept Notes. And, with that comes the writing of a concept paper. Draw on what you have developed in terms of areas of curiosity, research questions, research hypotheses, data sources, and methodology. You’ll be busy growing your business, after all. You may be given a specific essay topic or you may be told to write your essay on a topic of your choice. All research papers must have a purpose. While keeping this basic essay format in mind, let the topic and specific assignment guide the writing and organization. This further explains the main points of the research paper. Sirijit Jongcharoenkulchai / EyeEm/EyeEm/GettyImages. This should take about one paragraph. The term “concept” is a vital part of this document. But there’s another significant benefit to regularly revisiting your concept paper. A large part of the work you’ll do on your concept paper will begin long before you write the first word. The goal of writing a concept paper is to explain a particular idea to the audience or readers objectively. It makes proving a point or arriving at a conclusion easier because you simply have to organize your ideas without the extensive explanation and other complexities that a proposal would necessitate. Anyone reading the paper will want to get a good feel for why your idea is unique. This will be your value proposition. However, flexibility is important. At the very least, your business concept paper should cover the following aspects: and the expected results Key activities that will generate revenue How you plan to reach out to customers, strategy and implementation Your competitive advantages Backgrounds of key team members * A financial plan and budget estimate. You may even be asked to write a business plan, which will take up far more of your time. If you’re ready to make your dream a reality, one of your first measures should be to carefully think about the type of business you want to start. For example, you could sell dietary supplements to seniors struggling with arthritis pain. Concept notes give you the chance to create a framework for your ideas that you can present on paper. Select a Topic. Highlight your target demographic as well as why your business will have the advantage when it comes to winning over this audience. You need to show from the start that you understand the mission and purpose of the business. Entrepreneur: The Entrepreneur's Simple Guide to Business Concepts, A brief description of your products and services, A brief overview of your target audience and its needs, Your value proposition (what makes your idea unique? It is important to note that an argumentative essay and an expository essay may be similar, but they vary greatly in terms of the amount of pre-writing and research involved. Most concept papers in academic institutions are written for the purpose of securing funding and must follow explicit guidelines established by the grant giver. Writing a Concept Paper. Additional materials, such as the best quotations, synonyms and word definitions to make your writing easier are also offered here. Students looking for free, top-notch essay and term paper samples on various topics. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Let's say you're planning to start a company that manufactures and sells dietary supplements. If it … A business concept paper, on the other hand, is a short but insightful document that demonstrates you’ve put time into thinking about your business. Begin with a very direct and explicit statement of your area of interest and your research question(s). However, business plans can be complicated documents complete with financials and in-depth information on your short- and long-term goals. There are steps to concept paper writing that are universal and can be applied in most situations in order to develop the boilerplate. As you gather research material, your ever-increasing knowledge of a topic will allow you to make informed judgments and original She has written about business for entrepreneurs and marketing firms since 2011. Decide whether you're going to promote your products online or use more traditional marketing channels like radio and TV advertising. 159 10 WRITING THE RESEARCH PAPER he research paper is an original essay presenting your ideas in response to information found in library sources.