Category Archive for 'Planning'

The Executive Summary

This sums up, the key elements of the business, and may include:

what the product or service is
the marketĀ it is aimed at
why they will buy it
what the result will be
key reasons for success
barriers to entry to the market
risks and how they will be managed
strategic objectives
potential for growth
key strecths of the management team
summary financial projections

The Business Plan

Reason One
The first reason for writing a business plan is to formally decide what the company is doing, where it is going and how it will get there - kind of a “focusing the mind” exercise.
Reason Two
The second reason, which is possibly the primary reason why people call in accountants and business advisors, is to [...]

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