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Top Ways to Make Your Business Plan outstanding

    • 3 posts
    November 29, 2012 10:18 PM EST

    All the points presented here are the best ones and are so valuable for a successful business and continuous growth of a company. But can you describe about "Explain your sales model" more briefly here?

    • 51 posts
    November 28, 2012 7:59 PM EST

    Firstly, make practical business goals and then just MARKET MARKET and ADVERTISE it. Make people aware of your brand and connect with potential customers on a personal level.

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    • 2 posts
    November 13, 2011 7:19 PM EST

    The post is pretty interesting. I really never thought I could have a good read by the time until I found out this site. I am grateful for the information given. Thank you for being so generous enough to have shared your knowledge with us

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    • 63 posts
    May 23, 2012 7:20 PM EDT

    You can make your business plan outstanding by using the following steps-:

    1.Define Your Business and Vision

    2. Write Down Your Goals

    3.Understand Your Customer

    4.Learn From Your Competition

    5.Financial Matters

    6.Identify Your Marketing Strategy

     

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    • 7 posts
    August 26, 2012 6:50 PM EDT

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    • 5 posts
    June 29, 2012 12:24 AM EDT

    An outstanding business plan can serve as  a business plan road map to success, and if necessary attract investors for additional funding. Having a plan ensures that there is a strategic document in place that serves as a guide and illustration for achieving business goals.

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    • 5 posts
    May 29, 2012 7:17 PM EDT

    When it comes to preparing a business plan whose intended users are venture capitalists, a start up company valuation is sometimes required. 

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    Jimmy Akanbi,MBA| BOA Financial Consulting http://www.theboaconsulting.com/start-ups jimmy@theboaconsulting.com| Business Plan Financials| Start Up Company Valuations

    • 51 posts
    May 22, 2012 12:31 AM EDT

     

    All points are great and really helpful. By writing all your points and describing them in details will make it easy for you to understand each point. By doing analysis of market and your business helps you to better understand that in which way your sales will  become more efficient.

     

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    • 7 posts
    November 28, 2012 6:06 PM EST


    It is important for a business plan to have enough scope for adaptability so be able to succeed in the long run. An outstanding business plan must work to create needs and to feed those needs.

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    • 344 posts
    November 8, 2011 9:22 PM EST

     1

    Keep it brief. Your executive summary should be no more than two typed pages or 10 slides of a PowerPoint presentation.

      2

    Pitch your business. In the first section of your executive summary, explain in 15 seconds (or one to three sentences) why your business concept is compelling and how it is going to be successful.

      3

    Define your venture's business model. Detail how you will generate revenue.

      4

    Explain your sales model. Summarize and discuss briefly how you plan to capture customers and support your business model to generate growth. Describe direct sales, channel partners and strategies.

      5

    Detail your marketing plan. Discuss how you plan to pitch your business to partners and customers. Describe what marketing channels and strategies you plan to adopt.

      6

    Identify the overall size of your market and the addressable market subset that you are targeting.

      7

    Identify what granular aspects of your business drive growth and capture revenue.

      8

    Conduct a bottom-up analysis by identifying how many customers and how much revenue you will capture each month.

      9

    Supply key assumption figures. Investors will want to know your best estimates about current customers, future customers, the cost of customer acquisition over time (both now and a year from now), the average sales price of your product or service, the gross margin and the net margin of your product or service, and expected revenue over the next 12 months.

      10

    Detail your 12-month cash flow projection. This analysis should include several things. First, include an assessment of how far the cash you are soliciting will take you. A venture investor wants to know how far the current round of capital will take the company and what key milestones will be achieved. Next, detail your cash requirements for the next 12 months. Explain how much cash your company will need before it generates a positive cash flow and requires additional equity financing. In a competitive marketplace, this can often be a significant amount of capital. You should have an idea of how much capital it will take to "win" and become a self-sustaining, cash-generating company.



     

     

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    • 2 posts
    May 23, 2012 5:06 PM EDT

    Well BYTRADE , 

    Thanks for your tips,

    These tips help me for starting a new business.

    • 10 posts
    December 8, 2012 7:54 AM EST

    In my opinion, a plan is worthless without proper execution. I have seen a lot of good planners and visionaries fail just because the lack the skills to execute. A great way to compensate is to build a team. Get members with skills you lack and make sure to have a wonderful relationship with them. Team work is always the answer to any business problem :)

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    • 17 posts
    June 29, 2012 12:42 AM EDT

    Very interesting piece of writing, the most important point is 12-month cash flow projection. Cash flow analyzing is significant for future planning and for maintaining expenses.

     

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    • 11 posts
    November 28, 2012 12:19 AM EST

    BYTRADE has shared very nice tips to make business plan outstanding.Description of each point make it very clear what actually need to do.I appreciate for your great writing

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    • 10 posts
    December 2, 2012 6:19 PM EST

    In my view establishing and running business is not an important issue, but doing business in proper and successful manner is the most essential thing for any type of business. We need to manage the business as for getting the out standing result and profits. For that we have to take care about the lot of things, like planning, financial things and requirements etc..

    • 52 posts
    August 27, 2012 4:42 AM EDT

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    • 52 posts
    December 1, 2012 3:37 PM EST

    There are alot of investment opportunities but in all things knowledge is crucial to establishing goals and devising a plan headed for a successful outcome.

     

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    • 32 posts
    December 5, 2012 6:00 PM EST

    Thanks a lot for sharing these interesting tips! Planning is the key feature for the success of any business. I am sure these tips will be very useful for many start ups.

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    • 6 posts
    May 23, 2012 7:24 PM EDT

    Given the competition in the clothing business, the most important thing would be to strategize on how your company will be different from the others currently present in the market and how you are going to communicate this to your customers.

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