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Business Plans

 

Hi,

             A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan.Business plans are inherently strategic. You start here, today, with certain resources and abilities. You want to get to a there, a point in the future (usually three to five years out) at which time your business will have a different set of resources and abilities as well as greater profitability and increased assets. Your plan shows how you will get from here to there.

 
You can visit our small business encyclopedia Cloud Overview Video to learn more about business plans or our FormNet area to get the necessary forms to get started.
Today, the 40-year-old is co-founder and co-owner of Roaring Lion Energy Drink, a $6.2 million company in Sun Valley, California. "We've grown the business from a $62,000 investment to the No. 2 energy drink in bars and nightclubs," Hackney says. The company has 32 employees, and Hackney's erstwhile sounding boards are now his investors and co-managers. The business plan he wrote has been through numerous revisions, and today, a regularly updated marketing plan guides the company. Writing the plan, Hackney says, was "absolutely" worthwhile. "I had a lot of stuff in my head that needed [to be] put on paper."
 
Clemson University entrepreneurship professor William B. Gartner believes business plans are essential. And the SBA notes on its website: "The importance of a comprehensive, thoughtful business plan cannot be over-emphasized." But lately, questions have arisen.
 
 
 

Комментарии (1)

  • Аватар

    [oliviajames], 04 декабря 2021, 11:43

    0
    If you're looking for a business plan in UK at cheap price, then BusinessWritingHub is the best option for you to avail. An affordable business writing service can help you answer your queries from banks, investors, and suppliers, and it can be a document you leave with them as they consider their options. Business Writing Hub will write a detailed business plan to help you secure the money you need to start your business. We engage with business owners just like you to understand your company’s business, goals, and needs, and then our specialists devise a strategy to achieve them.