Purpose Of Business Planning

Purpose Of Business Planning-14
The same statements should be prepared with forecasted data for the next five years.A separate section which should not be included in the main body of the business plan is the Appendix.

The same statements should be prepared with forecasted data for the next five years.A separate section which should not be included in the main body of the business plan is the Appendix.

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Plan well and work hard and you will have the satisfaction of seeing your ...

Have you put much thought into a business plan or discussed this with your business partners?

Documents which may be included in the appendix include market study details, reference letters, personal and business credit history, patents, permits, contracts and contact information for consultants.

As you can see, writing a business plan requires a commitment of time and resources to ensure all relevant information is present.

Include current and future funding requirements, how that funding will be used and long range strategies that impact funding request.

Any factors which directly impact your ability to repay your loan should be included, such as acquisitions, sale of the business in future or a buyout.

Sales strategies should also be included to provide information on sales staff and activities.

Describe to readers what you are selling and how the product or service will benefit current and potential customers.

Provide evidence that your company offers a product or service that serves as a solution to a problem identified by your target market.

Information regarding service or product costs, suppliers and any new services which may be added should be included in this part.

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