A business plan is important because it summarizes the entrepreneur's vision for the start-up business. No one
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A business plan is important because it summarizes the entrepreneur's vision for the start-up business. No one is in a better position to write your business plan, to articulate the vision, mission, and strategy of your start-up, than you are.
Although there is no hard and fast format for a business plan, I would encourage you to consider Stephanie Pellett's template. The followings will be key areas to address.
- Executive Summary
- Key Team Members
- Market Analysis
- Customer segmentation or Client Avatar
- Product, Service or Social
- Marketing Plan
- Logistics and operations plan
- Financial plan: projected profit-and-loss over a 3-year period in table form.
Related Book For
Effective small business management An Entrepreneurial Approach
ISBN: 978-0132157469
10th Edition
Authors: Norman M. Scarborough
Posted Date: