how to write a business plan: Determining why you need a business plan?


how to write a business plan, video #1: Determining why you need a business plan? First you have to define your business and how you’re going to compete.

You need to understand the market and where is your business going to occupy its space in that market versus your competitors. You’ll need to clearly define your product and why your customers should be interested in it.

Once you’ve defined that product, have a good understanding of how you’re going to take it to market.

you need to understand and articulate how you’re going to operate that business and create an operating plan to support those operations. you’ll need to project your financial results and create a clear financial plan that helps you understand how should the business perform over time.

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Video “how to write a business plan: Determining why you need a business plan?” Author: education nerds | it’s all about learning