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Your Business Profile: Define and describe your intended business and exactly how you plan to go about it.
You can download the business plan template included in this session, fill it in and print.
Search engines, libraries and bookstores provide sources that sell ready-made plans for specific businesses.
As a rule, specialists do better than non-specialists.
Economic Assessment: Provide a complete assessment of the economic environment in which your business will become a part.
Session 2 Getting Your Team in Place of our Business Expansion course provides detailed recommendations on delegating authority, employee motivation, training and other key management tools. If you lack the ability to perform a key function, include this in your business plan.
For example, if you lack the ability to train staff, include an explanation how you will compensate for this deficiency.
The primary value of your business plan will be to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects.
We believe that preparing and maintaining a business plan is important for any business regardless of its size or nature. If you maintain a correct assessment of the changing economics of your business, your plan will provide a useful roadmap as well as a financing tool.
The People: By far, the most important ingredient for your success will be yourself.
Focus on how your prior experiences will be applicable to your new business.