A business plan precisely defines your business, identifies your goals and serves as your firm's resume. It describes the products and services you will sell, the customers to whom you will sell them, the production, management, and marketing activities needed to produce your offerings, and the projected profit or loss that will result from your efforts. Purpose of Business Plans Developing and maintaining a successful business requires planning.
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The rise of Plan. Plan: Jun 20, · A business plan can have multiple purposes, and as you address each of these purposes, your business plan can get longer, more detailed, and more complicated. At the outset, in order to write a basic business plan, you should determine your primary purpose for writing a plan.
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The Business Model Canvas (BMC) gives you the structure of a business plan without the overhead and the improvisation of a ‘back of the napkin’ sketch without the fuzziness (and coffee rings). The Canvas has nine elements.
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