Are you one of those entrepreneurs that pursues funding without a business plan? This could be you first mistake. Have a business plan ready to help answer questions from friends, family members, lenders, and investors. Everyone will have questions.
When you develop a business plan and projections, you have tools available to help illistrate the logic of your idea or new business. It is important to include how the business will generate money (sales) and who will buy the product or service. You need a solid market analysis that shows competitors, cost to penetrate the market, potential market share and target market customers.
Some of the key areas of a business plan are as follows:
- Executive Summary
- Target Market Customers
- Market Analysis
- Management / Operations
- Financing Operations
- ROI / Exit Strategy
There are many potential subcategories to consider. If you need assistance with developing projections and or business plan, please do not hesitate to contact us at [email protected] or visit our website at https://bbbookworks.com/.