A business plan is a formal statement of a set of business
goals, the reasons why they are believed attainable, and
the plan for reaching those goals. Business plans that
identify and target internal goals, but provide only
general guidance on how they will be met are called
strategic plans. These plans may also target changes in
perception and branding by the customer, client, tax-payer,
or larger community. Learn how to create a winning business
plan. Writing a business plan will force you to objectively
develop and evaluate your tactical and strategic
plans.There is no fixed content for a business plan. Rather
the content and format of the business plan is determined
by the goals and audience. For example,a business plan for
a non-profit might discuss the fit between the business
plan and the organization's mission. Banks are quite
concerned about defaults, so a business plan for a bank
loan will build a convincing case for the organization's
ability to repay the loan.
Indeed, an increase in the number of small businesses has
created much of the growth of new jobs in the United States
economy. In existence are online small business workshop
techniques for developing business ideas, starting new
ventures and improving existing small businesses for
entrepreneurs. A business plans handbook is a compilation
of actual business plans developed by small businesses
throughout North America. This handbook includes checklists
and operating forms for small businesses. The FTC is an
organization that works for the consumer to prevent
fraudulent, deceptive, and unfair practices in the
marketplace and to provide information to businesses to
help them comply with the law. Please do not forget that
most small businesses will need an EIN even if they don't
have employees. Most wholesalers will ask for this before
you can do business with them.
Even if they do consider writing a business plan, they are
often overwhelmed or confused by the planning process and
never understand the value of this critical document. That
is because most business owners fail to plan seriously for
their own success. Check the state laws where you plan to
do business. One of the many questions about business
planning I receive is how long a typical plan is. The
length of a typical business plan can greatly vary from 10
pages to a 100-page document. Growing your business using
information technology and the internet takes careful
planning and many businesses are unsure about how to
proceed.
-- Creating your own business opportunities
-- Planning your personal road map to success
-- Pricing what you sell -- Money: what you'll need and
where to get it
-- Making it legal
-- Who owns the business.
Finally, your plan may help you develop as a manager by
giving you practice in thinking about competitive
conditions, promotional opportunities, sources of finance,
etc.
Business plans may be internally or externally focused and
are used in some primary and secondary programs to teach
economic principles. Whether you are starting or growing a
small business, a sound business plan is your roadmap to
success. Business plans can be simple or complex -- it all
depends on who is driving and where they want to go. These
plans will still be needed for banks or investors, and most
businesses need to go through that. A plan that has
changes in perception and branding as its primary goals is
called a marketing plan. Your business plan will become
your roadmap to chart the course of your business and its
success!
----------------------------------------------------
Arn1 Enterprises is run by Chuck Arnone and has authored
many articles regarding business on & offline. His
knowledge has been a great help to those new in the
business field!
http://www.profitpromotions.com
No comments:
Post a Comment