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Business Plan Basics

    • 1 posts
    March 29, 2013 3:05 PM EDT

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    • 1 posts
    March 25, 2013 4:09 AM EDT

    Hi,

     

    What is the most important part of a business plan?  I have all of the basics...exec summary, start up costs, monthly expenses and 36 month projected profit...business resume etc. it's a service business...fitness with a retail space, so most of the financial spreadsheets don't fit?

     

    thanks

     

     

  • April 15, 2013 11:53 PM EDT

    In my opinion, Marketing can be effective way which helps to make business more successful. So, I would say that innovative marketing strategies can be worth for a business plan. I actually think that marketing has truly great importance for helping out to increase business sales.

     

    • 11 posts
    March 26, 2013 12:25 AM EDT

    Having a good business plan is very important for starting or running a business as it can make the great difference between the success and failure of business. A basic business plans include a proposal, management data, cash-flow analysis and projections, and a marketing plan. Out of it, marketing plan is the most important aspect of business plan.

     

     

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    Heritage Wood Blinds

    • 10 posts
    March 28, 2013 8:53 PM EDT

    The most important part of a business is planning the time frames that will be required for bringing the business to a level where it is completely independent. Taking all the risk factors into consideration is also important. This will help you in moving forward.

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    Webhosting.uk.com VPS Hosting | Reseller Hosting

    • 1 posts
    April 12, 2013 1:21 PM EDT

    My opinion.....solid basis for growth pattern assumptions in the Financials, and the resulting cash flow. Everyone clings to optimism with no reason behind it. 

    A basic Business Plan for a small business should contain, at a bare minimum:


    An executive summary. Define the business.


    Strategic Plan. What actions does the business plan to take?


    Financial outlook.  The parts that most people are afraid to prepare – how profitable does this business expect to be in the future, and can it sustain and grow? What is the business worth?

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    Scott