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oddy Labs- How To Write A Business Plan - Academic writing

oddy Labs- How To Write A Business Plan - Assignment helper<br><br>A business plan is a document describing a new business idea in an objective, critical, and unemotional way.<br>A business plan is a guide for how a company will achieve its goals. For anyoneu00a0starting a business crafting a business plan is a vital first step.

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oddy Labs- How To Write A Business Plan - Academic writing

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  1. HOW TO WRITE A BUSINESS PLAN

  2. What is a Business Plan? • A business plan is a document describing a new business idea in an objective, critical, and unemotional way. • A business plan is a guide for how a company will achieve its goals. For anyone starting a business crafting a business plan is a vital first step.

  3. Structure for a Business Plan • Executive summary • Business description • Market analysis • Marketing strategy • Operational strategy • Financial analysis • Future prospects

  4. Executive Summary • It’s a summary of your business. • Its highlight critical points about your product and services.

  5. BusinessDescription • Describe product/service, target audience, and the remarkable features of the brand. • State company’s vision, mission and goals

  6. Market Analysis • Identify industry trends • Define your target market • Analyze your competitor

  7. MarketingStrategy • Create a promotional plan and explain the rationale behind it. • Planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services.

  8. Operational Strategy • Determine business location, required inventory and transportation (if applicable), necessary personnel, and management strategy.

  9. Financial Analysis • Project expenses and income growth. • Financial analysis is the evaluation of a business to determine its profitability, liabilities, strengths, and future earnings potential.

  10. Future Prospects • Discuss the company’s long-term goals and the challenges it faces. • Discuss the possible solution and a correct road map.

  11. Do’s • Inform. Present facts, figures, and projections. • Be realistic. Be prepared to explain the “why” behind every point of the plan. • Be concise but thorough. • Use subheadings and bullets. • Add graphs and charts where applicable. • Base financial projections on facts and research. Be prepared to justify the figures presented. • Write the Executive summary section when the Business plan itself is ready.

  12. Don’ts • Business plans do not aim at demonstrating the authorsargumentation skills. • Make unsubstantiated assumptions. • Include only general statements (We will provide world-class service and the lowest possible price.) • Base financial projections on rough estimations. • Fail to consider all possible pitfalls of the plan.

  13. For More Query Write To Us info@oddylabs.com +91 888 605 5156 https://www.facebook.com/oddylabs www.oddylabs.com

  14. THANK YOU

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