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Archive for the ‘Business Plan’ Category

Posted by mr.know it all
December - 8 - 2009

Have You Got A Home Business Plan?

Category: Business Plan

Have you ever wondered why some people are so damn successful in life and business? There is a secret and it is not hard. You see, successful people have a plan…and they follow it!
I recently built a brand new 4,400 sq.ft home and I realized that planning a new construction is no different than planning [...]

Posted by mr.know it all
October - 25 - 2009

When Do I Need To Hire A Business Plan Consultant

Category: Business Plan

Every new business owner knows that a business plan is critical – it is drilled into them by potential investors and every banking officer they meet. So why is something that is so important to the launch of a new venture so difficult to write? Good question! In this article I will try to address [...]

Posted by mr.know it all
October - 24 - 2009

Analyzing Customers In Your Business Plan

Category: Business Plan

The Customer Analysis section of the business plan assesses the customer segments that the company serves. In it, the company must 1) identify its target customers, 2) convey the needs of these customers, and 3) show how its products and services satisfy these needs.
The first step of the Customer Analysis is to define exactly which [...]

Posted by mr.know it all
October - 24 - 2009

Becoming Wise – Wild & Free: Writing A Successful Business Plan – Part 3 – The Feasibility

Category: Business Plan

I am amazed at how many resources there are and how much information is available today on writing a business plan. There is software, documents, templates, outlines and a lot of experts that can help you. Most experts and resources will tell you exactly how to write a business plan and maybe even provide a [...]

Posted by mr.know it all
October - 24 - 2009

Business Plans- What Consultants Don’t Tell You!

Category: Business Plan

Do you have a Business Plan? Congratulations, but you are in a small minority. And if you have a plan, is it integral to your business, and instrumental to its growth? If the answer to this question is yes, then you need to read no further. However, most business owners who actually go to the [...]

Posted by mr.know it all
October - 24 - 2009

Describing Intellectual Property In Your Business Plan

Category: Business Plan

Most companies that are worthy of raising venture capital have proprietary Intellectual Property (IP). In fact, the quality of the IP and the management team are often the two most important aspects of a venture capitalist’s investment decision. The challenge that many ventures face, however, is that most investors will not sign non-disclosure agreements (NDAs), [...]

Posted by mr.know it all
October - 24 - 2009

Effectively Completing The Operations Plan Section Of Your Business Plan

Category: Business Plan

The Operations Plan is a critical component of any business plan as it presents the Company’s action plan for executing its vision. The Operations Plan must detail 1) the processes that are performed to serve customers every day (short-term processes) and 2) the overall business milestones that the company must attain to be successful (long-term [...]

Posted by mr.know it all
October - 24 - 2009

In Business Planning, Competition Is Good

Category: Business Plan

When developing the competition section of your business plan, companies must define competition correctly, select the appropriate competitors to analyze, and explain its competitive advantages.
To start, companies must align their definition of competition with investors. Investors define competition as any service or product that a customer can use to fulfill the same need(s) as the [...]

Posted by mr.know it all
October - 24 - 2009

Developing A Business Plan = Developing A Succesful Business.

Category: Business Plan

Whether you are starting up a new business or you already have an established company, the importance of a business plan may be over looked. Yes, they can take some time to draw up but just think of your business plan as a map of a country. Without the details and information on this map, [...]

Posted by mr.know it all
October - 24 - 2009

Before The Business Plan

Category: Business Plan

Purveyors of conventional wisdom would have you believe that the very first thing you ought to do when setting up a new business is to create a business plan.
It doesn’t matter whether you are selling odds and ends on eBay from your living room or something larger and more complex,
Business plans are excellent and necessary. [...]

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