Tuesday, 18 June 2013

How can I write a Good Business Plan?

Writing a Business Plan is important for your business. Given below are some tips for writing a sound Business Plan:
  • Write a comprehensive business plan inclusive of financial and marketing plan.
  • Your marketing strategy should be built around your strengths, your competitor's weaknesses and your customers' desires.
  • Test the reality of your business—know why it will work and how you will make it work. Think your business through step by step.
  • Allow at least two hours every week for thinking and planning. Do not allow anything to interfere with this time. You run the business. Don't let it run you.
  • Establish an annual operating plan. Review it and update it monthly with appropriate employees.

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