Description of The Business : A business description should always begin with a description of the industry. This should be kept short and precise. The key points to include in the description are the future possibilities and current outlooks of the industry. The key market or consumers should be clearly described and any methods or developments which will benefit the business should also be included.
It should include a market research that identifies your competitors, their share of the market and the range of the products they produce. By learning how they conduct their operations, you may learn tricks of the trade in the business you want to enter and you also get to have a basis on what you can do to excel.
In essence, here is a great way to think of superior business planning. Imagine you are taking a road trip from California to New York. No planning ("flying by the seat of your pants") would involve you getting in the car and driving "East" on every freeway you come across. Adequate planning would involve mapping out your course, planning where to stay overnight, where to eat, sights to see, and so forth.
BizPlan Builder: BizPlan Builder was rated a best buy from PC World and there software offers a one, two, three approach to creating your plan. With BizPlan Builder you simply fill in some blanks of sentences using Microsoft Word and Excel, use their PowerPoint template to help perfect your investor pitch, and compile and print your personal business plan. The ease of use and dramatic results make BizPlan Builder one of the best software programs in the industry.
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