As one journey comes to an end, a new journey begins. Over
the past year it has been a ride of ups and downs, yet persistence is what has
endured. And it will be persistence that will help me forge ahead in the new
journey that lies before me. However, the end is not yet done on this current
journey.
The final chapter will close with thoughtful insight and the
understanding of how to successfully write and execute a business plan, in
order to run and operate a successful business. I’ve shared the advice of
experts on how to achieve this, and the key factors a business plan should
include to be successful. Whether seeking investor funds, or just looking for a
roadmap on how to get started, these key components and more are needed to
reach any company’s goal.
Here is a list of the key components a business plan should
have:
- · Company Description
- · Industry Analysis and Trends
- · Target Market
- · Competition Overview
- · Marketing Plan
- · Operations and Management
- · Financials Overview
There are numerous resources available for business owners
to aid in building out the plan. For example Bplans is great online resource
filled with tools and tips on successful business writing plans. In finalizing
my business plan, Bplans was a great tool to get guidance and examples on how
to put the final draft document together. For more information, please visit http://www.bplans.com . Another great online
resource is http://www.entrepreneur.com/businessplan/index.html. This website tool provides articles and links
to business plan software for purchase or download.
The past few weeks have been arduous in preparing and
finalizing my business plan. The enormity of information needed to properly
create a business plan takes time, diligent research, and a clear understanding
of your product or service being offered. The biggest factor is knowing your
business. If you do not have a clear understanding of your business, it will
prove difficult to get investors or others involved with the business. Know
your business, and others will know it to.
Thanks for reading and following this journey. Hope you come along on the new one that lies ahead!
With appreciation,
LaKesha
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