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A business plan is useful because it demands that you evaluate the direction of your organization and it if done properly it will reveal many of the obstacles you may encounter. A suitably done business plan will act as a reminder to keep you on track when you become engrossed in the daily activities of your business.
Organizations make business plans for many different reasons but the act of planning itself will improve the odds of success in a business world that is very competitive and constantly changing. Everything may not unfold the way it is written in the business plan but planning is a process that gets your ready for what is to come. Making a plan increases the probability that your company will be better prepared and responsive to future events.
1. Describe what products and services you will offer.
2. What value you will provide customers?
3. What extra value do customers receive when they choose your company over the competition?
4. Seeking funding from Angel Investors typically require your business plan be written differently than if written for a bank.
5. Layout how you are going to fund future projects.
Clearly presenting your companys goals and direction is really about synergizing your teams effort and direction. Your organizational plan and mission statement can additionally be used to rally and inspire the nucleus of your business. A clearly defined direction and goal will make certain that each persons energy is used with the same results in mind.
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