Here are some examples: You should have measurable targets so you can monitor your progress towards them through the year.If your business will rely heavily on marketing, you may want to create a separate marketing plan.
Primary sources include surveys, personal interviews and focus groups.
These can provide you with insights into the attitudes and behaviours of your target customers.
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Your business plan is a crucial document for your new company.
Creation Theory Essay - Award Winning Business Plan
It says who you are, describes your business and shows how you will become profitable.Your business plan has to be backed by facts and research to hold up to scrutiny.You should gather this information using both secondary and primary sources.A properly formulated plan can help you gain the confidence of lenders, investors and other stakeholders.As such, it should show you’re committed to your business and have the skills, knowledge and confidence to achieve your goals.BDC's article "How to write an effective business plan" provides a brief outline of the key elements of a plan.You can also read our article on common mistakes to avoid when building your business plan.You can find it here: https://itunes.apple.com/app/prezi-for-iphone/id576717926For your best viewing experience we’d suggest watching the prezi in full screen mode.It’s easy, just click the icon in the far right corner and you’ll be ready to go.You’ve probably already conducted informal market research on your own.But you’ll need more than anecdotes to convince investors and lenders to support your business.