Business Plan Help?
01/12/08 23:05 Filed in: Q & A
Business Plan Help?
Q. What is a business plan and why do I need one?
A. To put it simply, a business plan is a blueprint for getting from Point A to Point B in the growth and development of a company. Developing a business plan -- even a sketchy one -- is essential to building a strong company.
Business plans can be a straightforward as penciled notes on a legal pad, or so detailed, complex and lengthy they are bound into a book. Basically, a business plan is an outline of who you are, what you do, and where you want to go.
Some elements of a business plan include: A description of your products and services; your special niche; customer profile; current competitors; and goals.
Business plans usually include a budget breakout, detailing expected expenses for: advertising,rent,licenses,subscriptions,inventory, utilities, office supplies, labor, credit card fees,bank fees, equipment rental, insurance, etc.
In addition, business plans usually project sales and profits, and give marketing summaries explaining what general steps will be taken to drive sales to forecasts.
Q. What is a business plan and why do I need one?
A. To put it simply, a business plan is a blueprint for getting from Point A to Point B in the growth and development of a company. Developing a business plan -- even a sketchy one -- is essential to building a strong company.
Business plans can be a straightforward as penciled notes on a legal pad, or so detailed, complex and lengthy they are bound into a book. Basically, a business plan is an outline of who you are, what you do, and where you want to go.
Some elements of a business plan include: A description of your products and services; your special niche; customer profile; current competitors; and goals.
Business plans usually include a budget breakout, detailing expected expenses for: advertising,rent,licenses,subscriptions,inventory, utilities, office supplies, labor, credit card fees,bank fees, equipment rental, insurance, etc.
In addition, business plans usually project sales and profits, and give marketing summaries explaining what general steps will be taken to drive sales to forecasts.