When you have your ideas described in a document so you can persuade banks, friends and investors to back you up.
When you start a business there are issues you have to understand and reflect on.
“Consider spending twice as much time researching, evaluating and thinking as you spend actually writing the business plan.“To write the perfect plan, you must know your company, your product, your competition and the market intimately.”In other words, it’s your responsibility to know everything you can about your business and the industry that you’re entering.
Read everything you can about your industry and talk to your audience. A business plan, as defined by Entrepreneur, is a “written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement.” However, your business plan can serve several different purposes.
Get business resources to handle day to day challenges in your small business.
Every business needs to have a written business plan.
Coaching to start a small business Corporate Social Responsibility - CSR Global Compact How to create a company Start Business From Nothing Women Entrepreneurs Be Specific About Your Product Business Canvas Business Policy Different from your competitors?
Estimating Cost How Much Stock Do You Need How to Make an Elevator Pitch Pricing - Focus on Expenses Pricing - Market in Focus Product Lifespan Realistic Number of Customers Value for Your Customer What is a business model Contribution Margen or Gross Profit Contribution Ratio vs Markup Credit Sale Fixed Costs / Overhead Expenses Gross Profit - how to act on it Influence on Profits Keep Control Reduce Stock SWOT Analysis PO Terms of Sales and Delivery The Art of Consultancy Account Plan - Chart of Accounts Adding Vouchers Depreciation Double-entry Bookkeeping Example of an Account Plan Invoice - How to Issue one Mis-entry in the books Re-posting a Voucher Vouchers Who is Able to Do The Accounts?
If you understand the issues you will have more success in developing a great business. As soon as you start your own business many new challenges occur.
How to write a bill, understand the language of an accountant and how to do your accountancy?