How does one create a business plan?

You start by writing it down. A business plan is a document that tells your story and outlines your business goals. It should also include the steps you will take to achieve those goals. A good business plan makes it easy for investors, bankers, or other agencies to understand and support your ideas.

Before you write your business plan, you have to do some research. Here are some questions to ask yourself:

 

-          Who is my target market?

 

-          What do I want to sell?

 

-          How am I going to market this product or service?

 

-          What are my long-term goals?

 

-          How much money do I want to make?


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Once you have an idea of whom you are selling to and what you are selling, you can create a product development strategy. Include things like how much it will cost to produce the product, where you will sell it, and how much you need to sell in order to break even on your expenses.

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Parklin Law LLC

5772 West 8030 South, Unit N206

West Jordan, UT 84081

(801) 618-0699

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