How To Write A Business Plan For Dummies

How To Write A Business Plan For Dummies-17
See How to Write The Management Plan Section of the Business Plan before addressing this section.Ownership Structure The operating plan outlines the physical requirements of your business, such as office, warehouse, retail space, equipment, inventory and supplies, labor, etc. That best way to find out whether you do or not is to do your research and write a business plan to see if your idea is feasible.

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For a one-person, home-based consulting business the operating plan will be short and simple, but for a business such as a restaurant or a manufacturer that requires custom facilities, supply chains, specialized equipment, and multiple employees, the operating plan needs to be very detailed.

The Operating Plan Section of the Business Plan will provide you with additional information about your operating plan.

Once you complete your simple business plan be sure to format it attractively, print it and get it professionally bound.

You want your business plan to convey the best possible physical impression; make it something people are going to want to pick up and look at.

Capping your plan at 30 pages should be sufficient unless you need to include photos of products, equipment, logos, business premises or site plans, etc.

Potential money lenders and investors want solid research and analysis, not long, wordy descriptions.

You can turn to How to Write the Competitors Analysis Section of the Business Plan for help.

The Target Market description and Competitive Analysis portions can be two separate sections in the plan or combined as shown: A description of how you intend to entice customers to buy your product(s) or service(s), including advertising/promotion, pricing strategy, sales and distribution, and post-sales support if applicable.

A standard business plan consists of a single document divided into several sections including a description of the organization, the market research, competitive analysis, sales strategies, capital and labor requirements, and financial data.

The resulting document can serve as the blueprint for your business and be supplied to financial institutions or investors if debt or equity financing is needed to get your business off the ground.

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