A business plan is a management tool. Do you need a business plan? Yes if you:
You Need To Decide Whether To Start A Business.
This plan will help you improve your chances for success and avoid making serious mistakes. You may be the only one who reads this plan, although you should have input from a number of other people with business experience. You need to ask yourself the following questions and incorporate the answers in your business plan:
What does it take to succeed in this type of company?
Do you have the skills and background necessary?
Can you afford to take the risk? What effect would the business’ failure have on you?
What is the growth potential for the business? Can it meet your financial expectations and requirements?
Is there a large enough market for your products/services?
Will you enjoy owning and managing the business?
A business plan is an important ingredient to the success of a start-up business.
You Want to Jump Start Your Business
Whether youre an entrepreneur doing business on the Internet, a stay-at-home Mom with an arts and crafts company, or a writer trying...
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