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Business Plan

Business Plan. A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals. Good Business Plan.

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Business Plan

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  1. Business Plan

  2. A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.

  3. Good Business Plan • It is a compelling storyboard about your business, which explains • Who you are, • Why you’re in business • What you do, how you do it, • Where you operate, • How you will generate profits, • Who your customers are, and • Why your business is important

  4. Typical Components of Business Plan • Cover Page & Table of Contents • Executive Summary • Business Description & Vision • Definition of the Market • Description of Products and Services • Organization & Management • Marketing and Sales Strategy • Financial Management • Appendices

  5. Other Resources • Importance of Impementation: • In the article "South Park's" Investing Lesson, the The Motley Fool columnist "Fool on the Hill" uses the Underpants Gnomes to illustrate the fallacy of focusing on goals without a clear implementation strategy.

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