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Post Info TOPIC: An introduction to business plans:


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An introduction to business plans:
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The main purpose of a business plan is to attract investors, as well as guide the actions and policies of a firm over a certain period.
Steps to great business plans:
Write out the basic business concepts
Feasibility and details: Gather all the relevant information regarding business
Outline the details of business
Compile your plan
Review the sample plan
Contents of business plans are:
Executive summary
Company
Products and services
Market analysis
Management
Marketing plan
Operating plan
Financial plan
Critical risks, problems and assumptions
TYPES OF BUSINESS PLANS:
Business plans can be divided into following types. All require different amounts of labor. There are:
Mini plans, or Short plans: Mini plans consist of one to ten pages. Its a great way to quickly examine a business concept. It should include:
Financial statements
Business concept
Marketing needs
Financing needs

Working plans: A tool used to operate business is known as working plans. It has to be long
Presentation plans: All the information in working and presentation are almost same, but styled in a different way. Details of experience and polish are the main difference between working and presentation plans. Presentation plan is appropriate for showing to:
Investors
Bankers
others outside the company

Growth plan: Growth plans are prepared for companies that are moderately successful, and who are ready for the next level. It details how the business will grow.
Start-up plan: The most common types of business plans are start-up plan. A start-up plan should cover many details, including:
Financial analysis
Marketing strategies
The team or employees that you will be using
Products or services that you are providing

Operations plan: Operational plans are the plans that are only made for the owners and employees of the company, and not for investors or clients. It details:
How the business is meant to run
Employees responsibilities
Upcoming projects of the company
Events and milestones for the business
Business plans has unimaginable importance. An investment-seeking entrepreneur uses it to seek investors; it increases the feasibility of the business. A firm may use to attract employees etc., therefore, at the time of writing business plans, a business plan writer should be very careful and attentive.


For more information, samples and tips on business plans writing, please visit:http://www.isourcebiz.com/BusinessWriting/businessplan.aspx

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