Structure Business Plan

Structure Business Plan-76
Venture summaries are used in marketing your idea to venture investors and others who will respond better to charts, pictures and an evocative approach to describing your business.Keep the presentation free of hyperbole, or your plan will appear more fanciful than realistic.

Venture summaries are used in marketing your idea to venture investors and others who will respond better to charts, pictures and an evocative approach to describing your business.Keep the presentation free of hyperbole, or your plan will appear more fanciful than realistic.

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Here, small-business expert Rhonda Abrams explains how to structure a technology plan.

Entrepreneurs learn pretty quickly that making a verbal pitch to investors is very different from submitting a written business plan.

No matter what type of business you plan to start, when your story is complete it will be an important part of the risk management process and a key to effectively understanding your business and its critical success factors.

In a nutshell, here are the areas you'll need to address in a business plan to offer prospective lenders and investors a complete view of your business, as well as provide you with a tool you can use to start and run your company.

It sells your company to the world and gives you direction as the world answers back.

From the table of contents to the financial tables, a business plan covers a lot of ground. How much detail is appropriate when outlining your marketing strategy?

Though many successful companies have been started without the benefit of a formal business plan (see "Seat of the Pants," October 2002), it can be an essential factor in the birth and growth of your company.

A good business plan will help you obtain financing, arrange strategic alliances, attract key employees, and boost your confidence.

No surprise: Entrepreneurs have begun to horn in on the action.

Business plans vary in content according to their intended purposes, but the basic format remains the same.

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