| Starting a small business is really the challenging and | | | | 1) Define your Business and Vision |
| an exciting venture. Writing a business plan is the | | | | - What business are you in? |
| very important missions that entrepreneurs should | | | | - Who is the customer? |
| focus on before starting small business. But the | | | | - What do you sell (product/service)? |
| entrepreneurs should know about writing a plan that | | | | - What is your primary benefit? |
| it is not about the money. | | | | - What is your plan for growth? |
| - It is about dedication | | | | 2) Write down your Goals |
| - It is about energy | | | | 3) Understand your Customer |
| - It is about having the ability to get the job done | | | | 4) Learn from your Competition |
| You should not think too much about how much | | | | - What competitors do you have? |
| money your new job needs. If the lender/ investor | | | | - What do you know about your target market? |
| are sold, you will have the money. Its starting may | | | | - How are competitors approaching the market? |
| change your life for the better with proven ideas on | | | | - How can you improve upon the competition’s |
| successful of it, practical guidance on how to | | | | approach? |
| incorporate it, partnerships and a run-down of | | | | - What are the competitor’s weaknesses and |
| financing options and etc. | | | | strengths? |
| There are so many business investors, all sources for | | | | - What are the lifestyles, demographics and |
| its financing are: Small Business Administration, banks, | | | | psychographics of your ideal customer? |
| and private angel investors, strategic alliances, leasing | | | | 5) Financial Matters |
| companies, venture capital investors, MESBICs, | | | | - Assumptions |
| SBICs, credit union coalitions and other more. But | | | | - Start up Investment |
| there never seem to be enough funding sources | | | | - Running Monthly Overhead |
| when a company is seeking financing. | | | | - Cumulative Cash |
| Investors business responds to its plans that meet | | | | - Streamlined Sales Forecast |
| their needs and specifications; they ignore all the | | | | - Break-even |
| other plans. Your plan must have investors identified | | | | 6) Identify your Marketing Strategy |
| before ever written. It does not matter how great a | | | | - Identify All Target Markets |
| company is, if it does not fit the parameters of | | | | - Qualify the Best Target Markets |
| standard funding sources, loans and grants will be out | | | | - Identify Tools, Strategies and Methods |
| of reach. | | | | - Test Marketing Strategy and Tools |
| What is the Startup Strategy? | | | | I hope you have got your all the answers. |
| There are major points to consider: | | | | |