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What Is A Business Plan?
by Jene Pedder
More Business Skills Articles
Published on this site: November 28th, 2007- See
more articles from this month
A business plan is a plan that you may show any finance
providers when your trying to get finance to either help set
your business up and or to help you get out of a hole when your
business is struggling for cash flow. A definition of a business
plan is a written document that includes many aspects of your
business including financial aspects, marketing, time
appreciation and your short and long term goals for your
business. The business plan is known as one of the most
important tools in all businesses but there are too many people
who write a business plan then forget about it and never use it.
If you are requesting any financial help from banks, business
angels, friends and family or venture capitalists you will need
a business plan. Your business plan should show the amount of
money, which is required for each specific area of your
business, and at what time you want to use this money and also
the cost of such things like raw materials, advertising,
transportation costs if necessary. Your business plan may also
have details including insurance, staffing, training, legal and
any partners.
You may also have a business plan for every year you're in
business, which will help promote your business and make you
actually keep up to date with any new implementations or
upgrading a specific area of your business.
In this business plan you may include what targets you have for
the year and if these are the same or different to that of those
from the last year. Will you be starting a new venture or
introducing any new services or products and also you may want a
website for your business if you don't already have one or you
may want to upgrade the website. The points you include in your
business plan may be able to be split into smaller parts which
will help you achieve them, if you give each part a time period
this can help you keep the plan in time, if anything goes wrong
follow it up and if any other problems arise in the
implementation of your business plan think up solutions and
include these and you may be able to add that part then into the
next step of your business plan.
If you intend to expand your business you should write a new
business plan explaining why you want to expand, the financial
help you need if any, the goals you want to meet within the year
or longer as well as exactly setting out all your financial
ingoings and outgoings.
If you have little knowledge of how to write a business you may
like the help of a businessperson who can help write your
business plan for you. These business people have skills in
writing good, well-planned and specific business plans, which
will help you, gain business finance and other financial options
if needed but as well as giving you a written set of goals you
want to meet throughout the year or more.
Jene Pedder: Is the Webmaster of Angelstartups
who specialize in
http://www.angelstartups.com/articles/
showarticles/BusinessPlanArticles/1/
BusinessPlansBeliefsAboutBusinessPlans.html Business Plans and Business Finance.
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