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8 Key Elements In Writing a Winning Business Plan
#1
commy :
Every business, whether a startup or a full-fledged, profitable organization, needs a business plan. To know where you are going, you have to know where you came from and what came before you.

Here are the key elements of a winning business plan.
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#2
commy :
1. Executive summary

This is a one- or two-page summary of your entire business plan. It's often easiest to write your executive summary after you've finalized all the details within the plan itself.

2. Business description

Here, include and define various aspects of your service offerings, the history of your field and any current happenings and your personal goals and objectives, elements that add to your success and the ownership of your company. This section is the backbone of your business plan and will set the stage for the information included in the rest of the plan.

3. Products and services

You should have a product or service that you are offering to a prospective client. Hence, you should be able to describe what it is that you are selling as well as identify what makes your product or service unique.
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#3
commy :
4. Sales and marketing

This section gives you a window into your industry, the state of the market, general costs, how business is acquired and also affords you an opportunity to distinguish yourself from competitors.

While you are making the most of this section, also realize that just as people who walk by physical stores on the street can see what's going on at a place of business, visitors to your website also have the ability to browse your merchandise and become familiar with your personal branding.

5. Operations

This section helps you outline the more administrative side of your business, including how you operate, where your office is located, your staff or assistant if applicable, equipment, overhead and other expenses, legal relationships, your network of suppliers and credit policies.

6. Management team

If you have a few advisers or people who help you to manage your business, this is where you acknowledge their involvement and the capacity by which they contribute to your overall success. Also, if there is a hierarchy of positions within your company, you would detail that hierarchy and the relevancy of each relationship.
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#4
commy :
7. Development

Development is a necessary part of business to remain competitive, so be sure to spend a significant amount of time when writing this part of your plan.

This is where you can dream a bit. Project into the future and think big.

8. Financial summary

This is where you provide a record of your financial dealings, investments, if any, and how you came to the position you are in today. With some flexibility, you can project how your company will be operating and assess your financial status, including how things balance out at the end of each month, the overall financial health of your business and your cash flow.
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