Business plan

Farah fenny

New member
There are several steps of a business plan you need to add when you write a business plan.
  • Executive summary. Briefly tell your reader what your company is and why it will be successful. ...
  • Company description: it is a must step. Describ your company
  • Market analysis: analyze the size of your target market
  • Organization and management: Make an well prepared team for organizing and managing.
  • Service or product line: Identify your service and products.
  • Marketing and sales: make a plan for marketing.
  • Funding request. ...
  • Financial projections..

  • Executive summary. Briefly tell your reader what your company is and why it will be successful. ...
  • Company description: it is a must step. Describ your company
  • Market analysis: analyze the size of your target market
  • Organization and management: Make an well prepared team for organizing and managing.
  • Service or product line: Identify your service and products.
  • Marketing and sales: make a plan for marketing.
  • Funding request. ...
  • Financial projections..
 

Alexandoy

VIP Contributor
Thank you for sharing the format of the business plan. Some people say that you cannot make a start up without the business plan. Maybe I have to agree that it is not right to make a start without a business plan but you can if you want. The business plan is just a guide which contains the important part of the business like the name and description plus the location of the business office. There is also a short layout or summary of the operation that can include an organizational chart which defines the labor force of the number of workers that the business needs for the initial operation.. With the marketing needs there would be the methods and style for marketing. One of the most important that is always forgotten is the capitalization that should be defined in a breakdown like in an itemized budget so it is easy to understand.
 

Augusta

VIP Contributor
You have given here a well detailed business plan and all that it entails which one that is serious about starting a business must look into before creating any business. The saying that " he that doesn't plan, plan to fail" is applicable here.

A business minded person wouldn't just jump into a business without taking time to draw out it's business plan. This is like the clear cut way one want his or her business to go. As such there must be a plan on ground to specifically follow
 

Seyesystem

Active member
owner that fail to plan his business very well will surely fail. Before going into any business you must do your through findings which includes feasibility studies about the business whether it's viable or not, also the profit projection for at least 3 years must be done. This will enable the entrepreneur to make his decision whether to start the business or not. So to me business plan is very important in every business.
 
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