A business plan provides a detailed overview of your business and how it intends to function and remain sustainable.
A business plan is also useful for investors and acquiring loans, as it also provides financial details of how a business is expected to progress towards becoming profitable.
Here you will determine what it is you need to be up and running as an individual, side-hustle, or full-time business.
Ideas for gathering data from your research:
1 Write a concise executive summary that outlines your business concept, target market, and unique value proposition.
2 Define your marketing strategies, including channels (e.g., social media, content marketing) and tactics (e.g., influencer partnerships, SEO)..
3 Create a financial forecast that includes startup costs, monthly expenses, pricing strategy, and revenue projections for the first year
4 Outline your operational plan, including inventory management, order fulfillment, and customer support processes.
Use Notion for making lists and general planning...
Try Quickbooks for your new business
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