A Detailed Business Plan

A Detailed Business Plan-23
How modern is the equipment and what is the capacity of your current facilities compared with existing and forecast demand?

How modern is the equipment and what is the capacity of your current facilities compared with existing and forecast demand?

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The process of creating your business plan will help you focus, crystallise your ideas and identify priorities, saving both time and effort.

Your business plan will give you a clear sense of direction and a benchmark enabling you to measure progress.

It could also damage your credibility, because lenders and other interested parties will quickly see through optimistic plans that ignore weaknesses or threats.

Even if your plan is intended for internal use only, write and present it as if it's aimed at an outsider.

Explain your recruitment and training plan, including time scales and costs.

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Analyse your workforce in terms of total numbers and by department.

Analyse the cost efficiency of each of your selling methods, for example, telesales, a direct sales force, through an agent, or over the Internet.

If you have a direct sales force, include all the hidden costs, such as management time.

Or it could be just for your own use as a roadmap for the growth of your business.

The components of a business plan explain your objectives and the actions required to get your small business from where it is now, to where you want it to be.

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