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How to make an strong business plan?

I have been found frequently as a recommendation to apply or found funds that we need to have a strong business plan. However, the variable where, who, and how to make it are not clear. Do you guys have a recommendation?

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6 answers

Hello Karina. On the web you have countless examples of solid business plans, including their templates. What does a strong business plan mean? Make it look professional, well structured, detailed, documented, with quality content, covering all the essential areas, such as company description, personnel, products / services, market, customer profile, financing, growth projections, distribution channels, marketing, resources additional, etc. Enjoy the process and hace success.

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Thank you Mr. Miguel Navarrete.

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Hi Karina! Great question. A great free resource that I've found helpful in the past is the US Small Business Administration's website. They have a TON of awesome resources for entrepreneurs. Specifically, there is a page dedicated to planning your business and writing a business plan. It includes free templates/examples and even a tool to help you calculate your start up costs. You can check it out at: https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan

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Hello Karina,

Business plans can contain different level of detail. At its core, it answers the following questions.

  1. What is the problem you are trying to solve with your offering?
  2. What are the existing alternatives?
  3. What is your solution?
  4. What is the high-level concept of how you are approaching your solution?
  5. What is the unique value proposition of your solution?
  6. What do you or your team bring that gives you the advantage to solve this problem
  7. What are the customer segments that you are going to focus on
  8. How will you enter the market, who are your early adopters?
  9. What are your key metrics
  10. What is your cost structure and
  11. What are your revenue streams

Good luck with your venture

Sreenivas

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Report Kenneth's answer

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We are always considering the business plan as a big deal and looking to its creation as a huge step that we can't do....!!! Simply imagine you are listening to someone trying to tell you about his/her project that you are going to invest with him/her.. You will consider some questions to ask so you can know all the needed details.. Those questions are concentrated in simple main points which you will need to put them in details... (Project Idea, Market research, Your ideal steps, business model (Canvas), and finally your financial requirements that you will depend on (Expenses + Expected profits). Remember always that if you think simply, you will get a wiser decisions .

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