Staban Tuek, the son of Esmar Tuek.
By Lauren Hockenson Well, first things first: Have you done your business plan yet? It sounds trite, but the business plan is really the roadmap to success.
When done correctly and thoroughly, that document can not only put you on track to proper growth and healthy strategies, but it can also be the perfect way to introduce your company to potential investors.
All businesses are unique and have their own specific challenges that must be met.
But, if you stick with these characteristics, you will already be miles ahead from where you started. Let us know in the comments.
Keep It Brief Many people consider a business plan to be the novelization of their ideal path to creating a company, jamming all hopes, dreams and projected profits into a pages-long document that, frankly, no one is interested in reading.
Business plan specialist Greg Goodman agrees that excessive detail in a business plan, including month over month statistics or intense data projections, can not only be a burden on the company but also set unrealistic expectations for investors.
An even worse mistake can be a business plan that includes a restrictive NDA. Hammering down the basics of your business, everything from a personnel onboarding plan to securing the proper name rights and trademarks, will ensure no important detail is left unchecked.
In her book, Schenck says that there are must-do tasks to make the business plan a useful document: Describe the product or service. Describe the competitive environment of the product.
Describe how the business will make money through a business model. Describe how to market the business.
Describe the financial projection, including how much money you need and how much money you will profit. These tentpole concepts may seem obvious to some, but Schenck says she is surprised at how often these characteristics are missing from business plans of all kinds.
By outlining all of the major points and remaining stringent about your details, you can have a solid pathway without the need for unnecessary details — and perhaps learn more about your own business in the process.
Uniqueness Speaks Volumes No two businesses are alike, so business plans are not one-size-fits-all. Although it may be tempting to rip off a boilerplate business plan or to copy the plan from a successful business, that denies you the ability to address the unique challenges of your particular company.
Worse, an untailored business plan is an easy way to set yourself up for failure. If the business plan is a strictly internal document meant to keep the performance and growth of your company on track, then it should emphasize internal information that will help that such as hiring order or important partnerships.
Making a fair assessment of your needs and planning accordingly will ensure that your plan is stable enough to get you off the ground.Journal Dune Princesse Tome 1 Pour La Vie Journal De Mia PDF Author: Nicole Fruehauf Subject: JOURNAL DUNE PRINCESSE TOME 1 POUR LA VIE JOURNAL DE MIA PDF Keywords: Get free access to PDF Ebook Journal Dune Princesse Tome 1 Pour La Vie Journal De Mia PDF.
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Start planning with the help of this line-by-line approach to business plan writing that takes you through the process one step at a time. BDC business plan templates You can create your own professional business plan with the help of the BDC sample plan and business plan template.