Starting and Growing Your Business: First Steps to Building a Business Plan

Starting and Growing Your Business: First Steps to Building a Business Plan

Business Plan Definition → A road map that describes how a business is going to achieve its goals. It lays out a plan from a marketing, financial, and operational viewpoint.

What is the purpose of a business plan?

A business plan provides a way to manage starting or development a business. The business plans reduces risk by forcing evaluation of:

  • Market demand for products & services

  • Strategies

  • Business Structure

  • Marketing

  • Distribution

  • Competition

  • Finances

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