Thursday, April 12, 2007

How to write a business plan

1. Your plan should be around 10-25 pages long, seperated into clearly marked sections with an introduction and an appendix for lengthy details like financial forcats.

2. Begin with a summary of the plan and the areas you aim to cover. Make sire your plan is neatly typed and well laid out.

3. Define your business and identify your goals. Your plan should contain a balance sheets and a predicted cash flow analysis for five years.

4. Highlight what you do and for whom. As well, explain the importance of your business. Explain why customers will pay for it, what they will get and why there is a gap in the market for it. Research your competion.

5. Don't gloss over problem areas. Instead identify them and provide solutions.

6. Go to http://tinyurl.com/35rzyu/ for more information on how to start a business plan.

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