Business Plan

A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.Business plans may also target changes in perception and branding by the customer, client, taxpayer, or larger community. When the existing business is to assume a major change or when planning a new venture, a 3 to 5 year business plan is required, since investors will look for their annual return in that timeframe.
Posts about Business Plan
  • Do You Really Need a Business Plan? Yes, You Do

    … Do You Really Need a Business Plan? Yes, You Do July 26, 2017 by Al Sefati Leave a Comment There is a misconception held by many start-up business owners: A business plan is only used for fundraising. Actually, a business plan is a tool for measuring progress, devising strategy, attracting key employees, and establishing an understanding…

    Famous Bloggers- 15 readers -
  • 10 Things You Need to Do Before Starting Your Own Business

    … this advice to determine how much cash your small business should have. 4. Understand your own strengths, skills, and time available Know when you need to engage an accountant, lawyer, insurance agent, marketing specialist, web page designer, or other professional. This will start your management process as a business owner. Constant Contact…

    Hal Shelton/ Constant Contactin EMail- 21 readers -
  • Create a roadmap for your business–and then follow it!

    … going! And you might be going in the wrong direction! A roadmap is one of the most important documents that you will write for your business. You should create a comprehensive roadmap for your entire business that describes in detail what you will do to attain your financial goals. In this roadmap, you should: Figure out your target market’s…

    Ellen Finkelstein/ Change the World Marketing- 22 readers -
  • How to Create a Business Plan and Get a Bank Loan in 5 Steps

    … How to Create a Business Plan and Get a Bank Loan in 5 Steps June 17, 2016 by Min Fang Leave a Comment Whether it’s investing in marketing, hiring salespeople, or paying back vendors, small businesses often need outside funds to grow. The most tried and true option for business owners is still visiting the bank and applying for a loan. Even…

    Famous Bloggersin How To's- 14 readers -