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How do I write a business plan?
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Understand the purpose of the business plan. This should include deciding your business’s goal and understanding how a business plan will help you achieve it. 2. Write an executive summary which serves as an introduction and overview of the plan. It should include items such as your company’s mission and values, a brief description of the products or services you offer and your target market.3. Create a company description. This should include the history of your business, the current status and any future plans for the business.4. Describe your product or service offering. Include features and benefits, pricing, packaging and positioning within the market.5. Analyze your target market. Use demographics, customer feedback and any relevant market research.6. Design a marketing plan. Examine your objectives and strategies, competitive analysis and budget requirements.7. Outline the operational plan. This should include your daily operational procedures, resource requirements and staffing.8. Create a financial plan. This should include details such as income and expenditure forecasts; current and future balance sheets, cash flow status and budgets.9. Finalize your business plan. Ensure that all information is correct and all documents are in order. If necessary, seek professional advice from an accountant or other qualified business advisor.