This is based on our understanding of the capacity of the entity as well as instrumental factors such as profitability, growth, growth potential and risk factors. There are also several software products available that walk you through creating a business plan and a financial forecast. We will ensure that we leverage on price to win over customers; our prices will be affordable and negotiable.
Writing a business plan allows you to step back from day-to-day operations and see the big picture.
It also explains why your company will succeed in meeting its goals. Writing one may be a lengthy process, but it can help steer your company in a positive direction. Market Share — How much business does your company expect to gain within a specific time period?
He will be the sole financial of the company but may likely welcome other business partners when need for expansion arises. Competitive Analysis — Show that you have done your homework on your competitors.
The target market for the business will primarily be composed of the individual market segment and the corporate market. What industries and regions will you target in promoting your company?