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Topic: Business Plan (Read 104 times)
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Eugine
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Business Plan
«
on:
July 08, 2010, 07:15:39 PM »
The benefits of having a business plan include:
* Helping you to clarify your vision and deciding whether or not to forge ahead with the idea.
* Determining if your product and/or service has a sufficient market to support it and whether or not it will be profitable.
* Providing an estimate of your start-up costs and how much you'll need to invest or finance.
* Convincing investors and lenders to fund your business.
* Defining your target market (who your customers are or will be) and how to best reach them through strategic marketing actions or expanding market coverage or reach.
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