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Sooo,
you decided to start a business, took the plunge did you?
There is nothing like having your own business and we don’t and that’s
in all the senses of the word ‘nothing like’ it can be a fantastic experience
but this only for the few ‘lucky’ ones that get all the breaks and get
the business profitable from day one!
The rest of us have to work for it, saying that, we wouldn’t trade it for
the world!
A business plan is essential if you’re starting a business, not only for
your own plans and guidance but also for others that might have or will
have an interest in the business. Your have in essence three interested
parties that could need the business plan:
A, Banks
B, Investors
C, yourself
A simple business plan might look like the following:
- Introduction
- What
business are you entering?
- What
market is this business in?
- What’s
the market worth?
- How are
you entering this market?
- Why are
you entering this business and market
- Financials:
- Estimated
costs of entry
- Estimated
continuing market costs
- Estimated
Sales
- Estimated
Profit
- Estimated
growth
- Necessary
Funding Requirements
Appendix A – The CV’s of the Business members
Appendix B – Technical info about the business products
Appendix C – Marketing source material
This is a simple yet comprehensive Business Plan and will get you a least
a starting point from to develop your business idea
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