As you write your business plan, stick to facts instead of feelings, projections instead of hopes, and realistic expectations of profit instead of unrealistic dreams of wealth.
Updating Your Business Plan It's advisable to update your business plan regularly, whether or not you're seeking additional funding. These statements provide a model of how your ideas about the company, its markets and its strategies will play out.
Share to facebook Share to twitter Share to linkedin All entrepreneurs and business owners should have a business plan.
Try to get offline for a while to think through these questions and realign your values. Try to be as realistic as possible. Describe the products manufactured or sold or the services offered.
Competitive Analysis. It can include a business proposal as an example of your upcoming plans, or you can create a business proposal as a separate document. The financial section should outline: The amount necessary to start or maintain the business The amount needed over the next two, three, and even five years Plans to use funds Anticipated need for additional funding Ongoing business expenses, including salaries, insurance costs, promotional expenses, etc.
Financial Plan. A plan should cover all the important matters that will contribute to making your business a success.
Perhaps they can offer a maintenance package as well, to keep that customer long-term.