How To Write A Comprehensive Business Plan

Create an executive summary describing the industry you wish to succeed in, and how and why you intend on doing so.Then, list your company's strengths and weaknesses, opportunities for growth, and any threats that might hinder the achievement of those goals.

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However, what's written should be specific enough to cover all areas of concern.

Cohen advised starting your plan, with a SWOT analysis, which stands for strengths, weaknesses, opportunities and threats.

Additional templates and resources are available at the following sites: Sammi Caramela has always loved words.

When she isn't working as a Purch B2B staff writer, she's writing (and furiously editing) her first novel, reading a YA book with a third cup of coffee, or attending local pop-punk concerts.

Having a business plan will also assist in providing you credibility among potential investors.

It shows that you've analyzed and weighed options, so investors can move forward with full confidence in you and your enterprise.

not the least of which is eventually losing control," he said.

As with any business project, research is critical to a solid business plan.

"Too many companies treat it as a confidential document to be kept away from the 'prying eyes' of the rank-and-file employees.

I believe the business plan should be shared, discussed and amended where appropriate, through an open loop of feedback and insights." The more people who are involved, the more ideas you can circulate around the company, Cohen said.

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