human
I'm trying to put together a business plan for my small business. What strategies should I include to make it easier to understand and to increase the odds of success?
assistant
1. Break the plan down into manageable chunks. This will make it easier to read, review, and refine.
2. Make sure to include realistic goals and a timeline for achieving them.
3. Analyze the competitive landscape and identify potential areas of disruption.
4. Develop a marketing strategy that highlights the competitive advantages of your business.
5. Assess the costs associated with running your business, and look for ways to reduce expenses.
6. Establish key performance indicators (KPIs) so you can track the success of your plan.
7. Incorporate feedback from trusted advisors and industry experts.
8. Think about potential risks and craft contingency plans.
9. Establish effective internal processes and communication pathways.
10. Finally, set aside time for regularly assessing and refining your business plan.