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What Is 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.
Preparing your Business Plan
Most start-up businesses will need funding and a business plan not only allows you to see if the idea can be profitable but it also allows a bank or any other lending provider to understand your idea and how the business will shape itself.
Business plans need to be clear but should Explain:
- The line of work you are going to be in
- The gap in the market
- Where you will fit in this marketplace
- What the goals and objectives of the business will be
- What your unique selling points are
- A sales forecast that will show that the idea can become an interesting prospect
Just provide some preliminary information and a our team will contact you as soon as possible.
We provide general guidance on Business Plan Strategies.