Business Planning Guide

Business Planning Guide-23
In the analysis, identify and describe your industry, your target market and how you'll reach those customers.

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Even better—if you’re pressed for time—we’ve compiled the 10 steps and examples into a downloadable (PDF) template: But, first things first …

A business plan is a comprehensive roadmap for your small business’ growth and development.

Also, include details about pending or established copyrights or trademarks, and present or future plans for research and development (R&D).

A market analysis centers on the marketability of your business, who your competitors are and how you fit into the competitive landscape.

In general, plans need to include information regarding: Business planning is an ongoing activity.

Review plans regularly and update whenever your circumstances change.

Before you leave a nine-to-five income, your business plan can tell you if you’re ready.

Over the long term, it’ll keep you focused on what needs to be accomplished. Or, an internal document to guide you, your leaders, and your employees? The executive summary lays out all the vital information about your business within a relatively short space; typically, one page or less.

Let your reader know who does what in your company and what qualifications they have by providing relevant resumes.

This will supplement the sales and growth strategies you describe by highlighting your human capital.


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