7755 Center Avenue, 11th Floor
Huntington Beach, CA 92647
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Your Business Plan is a reflection of your professionalism. While readers evaluate the business concept you present to them in the final document, they will also be evaluating you based on how well your plan is put together. They will assess the Business Plan on how easy it is to:
A logical order and complete document are also critical if you are seeking outside funding. When reviewing a Business Plan, lenders and investors learn more than the details about the proposed business venture; they learn about the person or team who prepared the plan. They look for attention to detail, thoroughness, and professionalism in addition to a credible plan. These indicators help them assess if the person or team who put the plan together has the professionalism to manage the money that they will lend or invest. The Business Plan is the lender’s first indication of the kind of work the team can do.
As you lead your business from conception to start-up to ongoing success, consider your role in it. In addition to operating your business by following your plan, you need to consider ways to avoid pitfalls, stay in touch with key advisors, and evaluate opportunities to give back to the people and communities who have helped you succeed.
Plan outlines:
Planning can change the top ten reasons for businesses fail into success:
Evaluating the Business Plan:
Every aspect of your business requires monitoring, adjusting, and revisiting throughout its life. Two important decision points in your business planning process:
1) Test for feasibility: before starting any business, think about the strength of your product or service, the potential of the market, and the profitability of the venture.
2) Match with personal vision: many people start businesses without analyzing how well the business will meet their own personal goals. As a result, business owners may find themselves unhappy, unfulfilled, and wanting out of the business they built. List your goals that do not match the proposed business and identify changes you could make in the proposed business to increase its match with these goals (personal, professional, and financial)
Copyright 2009 Economic Business Development, Inc
7755 Center Avenue, 11th Floor
Huntington Beach, CA 92647
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