Business Plan Activities

Business Plan Activities-85
Give the reader an idea of the experience of the other key people in the business.They'll want to know what suppliers or experts you've spoken to about your business and their response to your idea.

Just explain the factors you think will make it successful, like the following: it's a well-organized business, it will have state-of-the-art equipment, its location is exceptional, the market is ready for it, and it's a dynamite product at a fair price.

If you're using your business plan as a document for financial purposes, explain why the added equity or debt money is going to make your business more profitable.

Market strategies are the result of a meticulous market analysis.

A market analysis forces the entrepreneur to become familiar with all aspects of the market so that the target market can be defined and the company can be positioned in order to garner its share of sales.

It doesn't attempt to hold the reader's attention for an extended period of time, and this is important if you're presenting to a potential investor who will have other plans he or she will need to read as well.

If the business description is long and drawn-out, you'll lose the reader's attention, and possibly any chance of receiving the necessary funding for the project.

The statement should be kept short and businesslike, probably no more than half a page.

It could be longer, depending on how complicated the use of funds may be, but the summary of a business plan, like the summary of a loan application, is generally no longer than one page.

Show how you will expand your business or be able to create something by using that money. A potential lender is going to want to know how successful you're going to be in this particular business.

Factors that support your claims for success can be mentioned briefly; they will be detailed later.

SHOW COMMENTS

Comments Business Plan Activities

The Latest from chinashops1.ru ©