Writing A Good Business Plan

How will your company or product/service make a difference in the lives of your customers?

Make sure you show your lender that you've done your homework.

Good business plans should include all financial information.

Write up details about all loans and when they will be paid off.

Your business plan outlines what your business does and what you are trying to achieve.

It explains what the market opportunity is, what makes your business special and how you will make it a success.

Basically, your market research helps you understand your customer needs so that you can offer a product or service that precisely fits those needs.

You'll need to provide information such as your target market, customer demographics, competition and distribution methods.

Good plans are usually highly detailed and include information on all aspects of the business, including the industry, marketing, finance, personnel and various operating procedures.

They are specific, communicate to all company employees and require commitment from everyone.

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