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 Post subject: Write your business plan
PostPosted: Feb 11, 2020 - 12:04 AM 
~ Bé Thơ ~
~ Bé Thơ ~

Joined: Jan 08, 2020 - 06:42 AM
Posts: 8
Business plans help you manage your business
A good business plan guides you through each stage of starting and managing your business. Your business plan will be used as a roadmap for how to organize, operate and grow your new business. It is a way of thinking about the key elements of your business.
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Business plans can help you get financing or bring in new business partners. Investors want to feel confident that they will see a return on their investment. Your business plan is the tool you'll use to convince people that working with you - or investing in your company - is a smart choice.
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Choose the business plan format that suits you
There is no right or wrong way to write a business plan. The important thing is that your plan meets your needs.

Most business plans fall into one of two common categories: conventional or poor startup.
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Traditional business plans are more popular, use a standard structure, and encourage you to go into detail in each section. They tend to ask for more work in advance and their length can exceed dozens of pages.

Soft startup business plans are less common but still use a standardized structure. It focuses on summarizing only the most important points of the main elements of your plan. It can take less than an hour and is usually only one page.

Traditional business plan
Traditional business plan
This type of plan is very detailed, takes longer to write, and is comprehensive. Lenders and investors usually request this plan.

Lean business plan
Lean startup plan
This type of plan is a high-level, fast-writing focus that contains only major elements. Some lenders and investors may ask for more information.

Coordination of the traditional plan of action
You might prefer to co-ordinate a traditional business plan if you are interested in the details, want a comprehensive plan, or plan to seek funding from traditional sources.

When you write your business plan, you will not have to adhere to the business plan outline accurately. Instead, use sections that add more importance to your business and needs. Traditional business plans use a mixture of these nine divisions.

Executive summary
Briefly tell the reader what your company is and why it will be successful. Include your mission statement, product or service, and basic information about the company's leadership team, employees, and location. You should also include high-level financial information and growth plans if you plan to seek financing.

Company description
Use your company description to provide detailed information about your company. Go to details about the problems your business solves. Be specific, and list the consumers, organization, or companies your company plans to offer.

Explain the competitive advantages that will make your business a success. Are there experts in your team? Did you find the perfect place for your store? Your company description is the place to show off your strength.

Market analysis
You will need a good understanding of industry and target market expectations. Competitive research will show you what other companies are doing and their strengths. In market research, look for trends and topics. What do successful competitors do? Why do you work? Can you do it better? It is time to answer these questions.

Organization and Management
Tell the reader how your company will be structured and managed.

Describe the legal structure of your business Determine whether you have or intend to merge your business as a C or S company, form a public or limited partnership, or if you are a sole proprietor or limited liability company.

Use an organizational chart to determine who is responsible for what is in your company. Show how each person's unique experience will contribute to the success of your project. Consider including CVs and CVs for key members of your team.

Service or production line
Describe what you sell or what service you provide. Explain how it benefits your customers and what the product life cycle looks like. Share your intellectual property plans, such as copyright or patent files. If you are researching and developing a service or product, explain it in detail.

sales and marketing
There is no single way to handle a marketing strategy. Your strategy must evolve and change to suit your unique needs.

Your goal in this section is to describe how to attract and retain customers. It will also describe how the sale will actually happen. You'll refer to this section later when you make financial forecasts, so be sure to fully describe your entire marketing and sales strategies.

Funding request
If you are requesting financing, this is where you will determine your financing requirements. Your goal is to explain how much funding you will need in the next five years and what you will use for it.

Decide whether you want the debt or equity, the conditions you want to apply, and how long your application will cover. Provide a detailed description of how to use your money.

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