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Making A Sound Business Plan

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By implementing known variables and parameters in business management, programmers were able to create a process flowchart that accommodates information such as product nature, target users, market factors, financial requirements, etc. to be organized into a business plan. Ultimately however, there is a limit to these automated processes. The human touch really needs to be added in order to make a business plan reliable.

What are the things you need to include in a sound business plan?

To begin with you should have a solid vision for your business or company. Your business plan needs to states the fundamental purpose of your existence and what you want to achieve, or what are your long-term goals. A vision is a statement qualifying the future direction of your business, summarizing the key purpose, ethics and direction of your business in a short descriptive written piece. Next you should look at where your business profile is. This document defines your business in detail, what it does, what it offers, how your business plans to do things. This profile should include a description of the market segment you have identified as your main focus or target. …show more content…

The marketing plan outlines a scenario of how products will move from the production point to the end user. This plan should also seek to expand the business market identifying unique and valuable prospects for selling and developing the business products and services. The business participants are the next important feature in the business plan. Include a basic rundown of participants qualifications and unique competencies of your staff, including you, their different functions, as well as their individual position

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