how to create a profitable business plan?
Post on 19-Mar-2017
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Business Plan PathwaysHow to Create a Profitable Business Plan?
Do you want to create a business plan but do not know how to do it? Here are the 6 elements that solves your problem of how to create a business plan that is profitable. Although there are more elements involved in creating business plan, these 6 are the most important ones. No business plan can be successful without it.
1. Make sure there's a market for your business plan.This is the most important step. Make sure there's a market that's willing to spend money on your products / service.
2. Make sure there's a marketing strategy in place.You have to get your customers somehow, make sure there's a marketing strategy in place to get them. This is often overlooked by a lot of entrepreneurs.
3. What is your unique product?What is your unique solutions? What's your USP? Make sure there is a market that's willing to spend money on your product or service.
4. What is your relationship strategy?It's not about getting the first sale, it's about building a business, what is your strategy to keep, and develop relationships with your market?
5. What is your obvious factor?Your business plan has to be simple enough for the people reading it to understand it. If your business model is too complicated, than it won't get understood.
6. What are the numbers?What does your numbers look like. You will need cashflow and profit/loss projections. What is your break even point? Although these numbers might not be accurate, some idea is better than no idea.
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