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Entrepreneurs What Should Be In Your Business Plan?You are

Posted by: | Posted In: Oct 07, 2015

Entrepreneurs What Should Be In Your Business Plan?You are setting up your business and know that you need a business plan but you have no idea what should be in it. Well here are a few ideas for you:Vision: Most of all any investor and you yourself, will need to know what you are intending to do with your business. How you see it growing and how passionate you are about it. So paint a vision of where you are now, what kind of business you want and how you are going to get to where you want to be.Strategies: You need to detail your business, financial, marketing and advertising strategy that will support your visions.Products and Services: What you are selling, to whom and at what prices. You should detail how the products are manufactured and delivered as well how protected they are from being copied. You should also detail how your products are different from your competitors.Market: You should detail who your potential customers are and where you can find them. You should also itemise how difficult it is for a competitor to enter the market.Team: Detail who your principle staff are that are going to help your business start.Financials: What all this is going to cost you and what might be left as your profit.Funding: How much extra money you want and where you are going to get your money from.Exit Strategy: When it is all over or you or your investors want to leave, how the investors can get their money back and you leave happily with a profit.Last but not least, remember that a business plan is not just for the beginning. Get it out of the drawer regularly and refer to it to remember where you wanted to be. Update it regularly as your company grows and when you get a little lost.Good luck with your new business. ————————————————-
Copyright 2009 Biz Guru LtdLee Lister writes as The Biz Guru, for a number of web sites where she provides advice and assistance for the business entrepreneur. She is a published author her books Entrepreneurs Apprentice and How Much Does It Cost To Start A Business? as well as detailed information on how to start many low cost businesses, can be found on www.StartMyNewBusiness.com With over 20 years management and business consultancy experience with businesses large and small as well as being a serial entrepreneur, she now helps others set up, develop and market their businesses. If you would like more help and assistance in setting up your new marketing strategy as well as some great marketing services then visit: www.MarketingGuerrillas.com This article may be freely distributed if this resource box stays attached.
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