How To Write A Business Plan For Small Business
The best way to show bankers, venture capitalists, and angel investors that you are worthy of financial support is to show them a great business plan. The overall marketing strategy and selected tactics and resources that will promote the value proposition-intellectual property, patent rights, key relationships, or capital-will be accounted for. Your business plan should start with an executive summary. Only TWO out of the 30 students went on to start out their own businesses.
Many people begin their business plans with a simple template. Note that the word everything here comprises of the equipment, technology, raw materials, financial and other resources that you may need when starting and running your business venture. In reality, however, most people just want to expose their opportunity to investors, licensees or potential partners.
Financial plans need to extend three to five years. This summary is also an important communication tool for employees and … Read More...