When writing your business plan, be sure to address each of the vital elements: Define the type of business you are starting. Write out your mission statement and set goals for your new company—both short-term and long-term. At this stage, you must determine what type of organizational structure, management, and personnel your company will require.
Identify key management members and their responsibilities. List goals and a time schedule for hiring and training your staff.
Describe the targeted customer. Determine the number, location, and size of the various competitors in the area. Describe your marketing goals and strategies, and illustrate how you plan to achieve these goals.
Research the area and determine where you wish to locate your company. When selecting a location for your business, it is important to consider economic factors and the environment of the area in which you are looking, noting the location of not only your potential competitors but also your target audience.
This section should include your proposed financing, past financial performance, and future expectations for financial performance. What are your financial goals to ensure the success of your business? Careful financial planning is necessary for a successful business.
Your banker can offer valuable assistance in financial assessment. During this stage, you must also determine what resources are needed to reach your financial goals. An incubator may be a possible resource option as well.
Your business plan should include an executive summary, supporting documents, and financial projections.
Although no single formula exists for developing a business plan, some elements are common to all business plans. They are summarized in the outline that follows. I am an IT support specialist. I am specializing in troubleshooting, configuring, software installations, hardware installations, mobile hardware, software repair for mobile, desktop and laptop devices and troubleshooting networks.
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