Help With A Business Plan

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But they all tend to have the same elements, including an executive summary of the business and a detailed description of the business, its services and/or products.

It also states how the business intends to achieve its goals.

Sometimes, a new business plan is prepared for an established business that is moving in a new direction.

A business plan is a fundamental tool any startup business needs to have in place prior to beginning its operations.

Description of Market is a component of your marketing plan and sets the stage for how you will advertise and market your business.

The key element of a successful marketing plan is to know your customer --- their likes, dislikes, and expectations.

This section explains why the plan is being written, and explains the sources of financing and a general statement of what they will be used for.

It also gives a general understanding as to the type of business, and if the business is a start-up, purchase, or on-going concern.

Although they're especially useful for new companies, every company should have a business plan.

Ideally, a company would revisit the plan periodically to see if goals have been met or have changed and evolved.

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Comments Help With A Business Plan

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    The business plan not only helps keep everyone in the organization on the same page, but also serves as your company's resume and can help with funding efforts. This section covers the reasons for writing a business plan and how to write one, including sample plans and related resources.…

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