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All businesses face competition - your plan should show you have a clear strategy for dealing with all your competitors.Your business plan should get to the point, but it must include enough detail to ensure the reader has the information they need to understand your business.
Your business plan's financial information will face particular scrutiny.
Cash flow should be documented in full, and your sales predictions need to be well founded.
Your local Chamber of Commerce or Enterprise Agency might be able to help.
Their review might prompt questions you need to address in a revised draft.
Arguably, your executive summary is the most important part of your business plan.
More experienced readers will read it first, so they can quickly find out key facts and figures.
Having a sound business plan is crucial to the survival and development of your business.
Alan Gleeson explains how to get it right The starting point for any business plan is audience. What is the purpose of the plan - is it to secure funding? Although key facts and figures will remain the same, tailor different versions of your plan to specific audiences' needs.
It clearly states where you are, how you got there, and how you plan to proceed.
This Business Builder steps you through the process of developing a comprehensive business plan.