A sound business plan is a necessary undertaking when considering starting a new business. Furthermore, your business plan should also accompany any loan or fundingrelated paperwork associated with your business startup.
How can the answer be improved? A business plan is a written description of the future of your business. It's a document that tells the story of what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, youve written a plan, or at least the germ of a plan. We would like to show you a description here but the site wont allow us.
May 09, 2007" A business plan is like a dry run to see if there is a major problem with your business before losing any money, " says Mike McKeever, author of How To Write A Business Plan. 10 unpredicted things every business plan needs. A good business plan should include an appraisal of the competition. As a business, you need to assess the strength of the competition or else you will be substituted.
A business plan needs to look at every aspect of the business through the planning process. To avoid unexpected