How can the answer be improved? Dec 13, 2007 You need a business plan to sell a business, or to set a value on a business for tax or other purposes such as estate planning, or divorce. Sadly, many of the people who need a plan dont know they need it. But if youre not looking for money, a formal business plan is a waste of time. Most of my clients that run established companies dont do it. Jan 20, 2007 To write a business plan, start with an executive summary that lays out your grand vision for your business.
Follow that with a section that describes what products and services your company will offer. A business plan is essential if you're thinking of starting a business, but it's also an important tool for established businesses. Viable businesses are dynamic; they change and grow. The company's original business plan needs to A business plan is a valuable tool for a business owner, whether you are at the startup stage, have been in business for years, or are ready to grow.
Think of your business plan as a sales document. It must convince readers that your venture has the Starting a business was the last thing on Sean Hackney's mind when he sat down to write a business plan.
Hoping to persuade a soft drink company to hire him, Hackney scripted a plan for taking on his former employer, Red Bull North America Inc. Dec 13, 2007 What makes a successful business plan? A successful business plan: Fits the business need. Is realisticcan be implemented. Is specificit can be used to track results. Clearly defines responsibilities for execution. Clearly identifies assumptions. Communicates well the information it is supposed to convey to the