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Before the Business Plan Gets Written
A few steps before you write your next business plan
The other day a friend asked me if I had any business plan templates. Of course I have many plans that could be used as a template and there some good websites with information on how to build a business plan. Instead, however, I invited him for a coffee to learn more about why he wanted to make a plan. It turns out that my friend was entertaining the idea of starting a business. Like many good entrepreneurs, he had several good ideas, he was not sure how they fit together, he was excited, and he was scared. He had a potential partner, also good, and most of his business ideas could be done without external investment– perfect.
I then outlined a template to help form his ideas that looked like this for each idea:
- What is the business need in the market that needs solving?
- How are you (and your company) uniquely qualified to solve this?
- How will you identify such customers and how will you make contact with them? Read more…