The Business Plan in Seven Steps

We’ve talked about the power of setting up business plans and what to include. Now let’s talk about the steps it takes to make a good one. There are only 7 small steps into creating a business plan. This article will give you some organization as you prepare yourself to write your first business plan.?

Seven Steps to a Business Plan

Summary & Goals?

A brief summary about your business, your goals for the business and your idea to keep your business going.?

Products & Services?

Description of your product or service you are going to offer in detail, add specifics. Where, why, and how much you are going to sell your product or service, or any deals you may offer.?

Customers?

Research on your industry and ideal customers you want to sell to. Pinpoint the problems you want to solve for your customers. Why do they want your product or service, what value does it add to their life??

Operations?

This is the process needed to run your business; including staff, skills and the experience needed to make it successful.?

Marketing?

How are you going to reach your desired customers? How are you going to sell to them, this could include positioning, pricing, promotion and distribution.?

Finances?

Think about funding costs, operating expenses, and estimated income. Include your financial goals and break down what it takes to make your business profitable.?

Starting a business isn’t always easy. But it can be with the right support, system, and mentorship. Contact Alan with ?AdvancingWithUs to learn more business tips, business ideas, and examples of business success.?

Published by:

Alan Pariser?

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