.Business plans have long been a critical document for new businesses
.Every entrepreneur and startup company needs a plan
According to Entrepreneur.com and Rule’s Book of Business Plans for Startups, founders should be considering these factors when creating their plan
• How the business will be vested
• Main objectives
• Mission statement
• Keys to success
• Industry analysis
• Market analysis
• Competitor analysis
• Core strategies
• Marketing plans
• Management
• Organizational structure
• Key operations
• Projections and pro formas
• Break-even analysis
• Financial needs
Fortunately, crafting a business plan has become much simpler today. There are plenty of data sources to back up assumptions and to complete research. There are plenty of great freelancers available online who can help handle time intensive parts of the process like research and formatting and interactive pro-formas.
Alejandro Cremades
forbes.com
Entrepreneur.com
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