market share, and that a something as small as 25 percent is considered a dominant share. A business plan is a blueprint for how your business will run and reveals what future direction your business will take. Plans can also differ greatly in length, detail, and presentation.
A business plan is best described as a
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Your business plan should conform to generally accepted guidelines regarding form and content. Only by putting together a business plan can you decide whether your great idea is really worth your time and investment). If youre just planning on picking up some freelance work to supplement your income, you can skip the business plan. Its just important to acknowledge that you are swimming against the tide. If a reasonably intelligent person with a high school education can't understand your plan, then you need to rewrite. Financial requirements state how much capital is needed for startup or expansion, how it will be used and what collateral is available. On the other end of the spectrum, a plan that is destined for the desk of a top venture capitalist will have a high degree of polish and will focus on the high-growth aspects of the business and the experienced team that is going. Think about cash flow and what measures you can take to minimize your expenses and maximize your revenue. Are you still solving the same problem for your customers?
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Two primary reasons for writing a business plan
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