Emphasize any special features that you feel will appeal to customers and explain how and why these features are appealing.
The description of your business should clearly identify goals and objectives and it should clarify why you are, or why you want to be, in business. Product/Service Try to describe the benefits of your goods and services from your customers' perspective.
It allows you to make detours, change directions, and alter the pace that you set in starting or running the business. Whether one is starting up a small business or is an entrepreneur, banks and financial institutions want to see that you know where you are, where you are going, and how you are going to get there.
The plan will tell you how much money you need, when you will need it, and how you are going to get it. Helps you to clearly think through what type of business you are starting, and allows you to consider every aspect of that business.
Regardless of the specific reason, the underlying goal of preparing a business plan is to insure the success of the business.
Here are the main reasons why a business plan should be prepared: Provides you with the road map that you need in order to run your business.
" In answering this question include your products, market and services as well as a thorough description of what makes your business unique.
Remember, however, that as you develop your business plan, you may have to modify or revise your initial questions.
Raises the questions that you need to have answered in order to succeed in your business.
Establishes a system of checks and balances for your business so that you avoid mistakes.