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Business Plan Examples

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The Elements the Comprise a Great Business Plan

You should always compile the 10 sections of a business not only with proper due diligence but also in a manner that creates an opportunity to completely hook an investor. Ultimately, every section of the business plan has a unique purpose.

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Executive Summary: This is the business plan’s main hook. The section will clearly detail your product, the scope and needs of your market, and the unique qualifications your company possesses to fill said needs. Solid executive summaries will be good enough they convince even the busiest investor to take time out to read the entire plan.
Company Analysis: This would be your chance to place all your business’ accomplishments at the forefront. A clear timeline of milestones shows that your business or management team succeed in its past performances and also maintains an “unfair advantage” an example of which would be proprietary technology.

Industry Analysis: This provides the clear proof you know the entire industry inside and out and that comprises the many other overlapping industries in which your business can be found. The analysis will also include full industry data from reputable sources and also info on niche trends. Just be sure to be specific.

Customer Analysis: Your customer relationships are presented in a clear map. On this map you must demonstrate that you understand you customer better than any other company around. You will demonstrate a working knowledge of niche markets, demographics, psychological profiles, and many other critically helpful bits of customer info. Continue Reading…

Business Plan Tips for Entrepreneurs

Before you begin to write a business plan, keep in mind that the purpose of a business plan is to make a compelling argument to a potential investor that your business is a solid investment. It should tell the reader what your business is about and how it will benefit investors in the long run.

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As you start writing your business plan, keep the following in mind:

What can your company do?

Suppose you have a plan for a new business which you envision growing into a profitable multimillion dollar company. You understand how it will work, what you’re going to need to get started, how you’ll deliver your products or services to your target market and an exit strategy via a buyout or initial public offering (IPO).
Knowing what needs to be done is half the battle; the next step is to figure out exactly what you can do towards this goal. Do you have the resources and capabilities to produce your products and services – and if you don’t, do you know how to get the resources you need? Who’s on your management team? Do they have a history of success that would make a venture capitalist interested? How about your product or service – is there a market for it? If so, is this market growing and can you pass the barriers to entry in this industry? Can you set up your own barriers to entry to keep the competition at bay? Continue Reading…

Five Steps for Composing a Business Plan

Below are 5 steps for composing a successful business plan.

1. Make an Outline

Start with a standard template for a business plan. There should be 10 parts to this plan in this exact order: A. Executive Summary, B. Company Analysis, C. Industry Analysis, D. Customer Analysis, E. Competitive Analysis, F. Marketing Plan, G. Operations Plan, H. Management Team, I. Financial Plan and J. Appendix. Take what you know about each category and write it in the appropriate area. Never veer from this standard template for a business plan. Investors that way will know exactly where to read to find out the information they need.

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2. Perform Research

The majority of research that you should do will include the Customer Analysis, Competitive Analysis and Industry Analysis parts of the plan. Continue Reading…

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