Why A Business Plan

Why A Business Plan-64
That is not to say that additional products, applications, markets, and distribution channels should be discarded – instead, they should be used to enrich and support the highly focused core strategy.You need to hold the story together with a strong, compelling core thread.

That is not to say that additional products, applications, markets, and distribution channels should be discarded – instead, they should be used to enrich and support the highly focused core strategy.You need to hold the story together with a strong, compelling core thread.

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An ideal business plan is 20-30 pages (and most investors prefer the lower end of this range).

Although there is no single “correct” business plan structure, one successful structure is as follows: As stated earlier, there is no “right” structure – you will need to experiment to find the one that best suits your business. Your cash flow for the transaction will be negative next month when you pay your suppliers.

Although this example may seem trivial, very slight changes in the timing difference between cash receipt and disbursement – just a couple of weeks – can bankrupt your business.

Investors see thousands of business plans each year, even in this down market.

Apart from a referral from a trusted source, the business plan is the only basis they have for deciding whether or not to invite an entrepreneur to their offices for an initial meeting.

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