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Your Strong Refrigerator Magnets Business Plan

The important things that you need in a strong business plan are set out below.

Executive Summary

  • Outline your ideas in a few straight-forward sentences and without industry jargon.

  • Spell out your current situation and make it clear how you will get from where you are presently, to where you hope to be.

  • Spell out what the essential success factors will be and explain why you have specifically selected these.

  • Clarify your current financial state of affairs and how much finance will be needed for your business.

  • Identify the clear-cut objectives that your company has and the reasons why they have been selected.

  • Produce an unambiguous, eye-catching, vision statement for your business.

  • Lay out the milestones demonstrating in what way your plan will be used.

Market Analysis

You should search out the relevant market research to give you market size, industry direction and prospective growth projections. Steer clear of using a lot of nationwide and worldwide statistics for a small or regional venture; unless you are starting a worldwide or nationwide business, you must have greater local focus in your market research.

  • Provide brief facts for the current sector.

  • Detail the predicted shifts for the sector and how you have prepared for them.

  • Explain the ventures Unique Selling Proposition and the benefits that you aim to contribute to your potential purchasers.

  • Clearly outline your target market and set out the characteristics of your companies ideal customer.

  • Explain the needs your probable clientele have and how your products will meet them.

  • Create a list of your immediate competitors and analyze their strong points; do not be too negative about them, be truthful.

Products and Services

You must:

  • Simply describe your products and the differences from others that are available.

  • Set out how you must advertise your products and services to optimize consumer awareness.

  • Determine how your goods and services fit into the market; do they resolve problems, present benefits, are they essential goods or maybe they improve a businesses or a persons image?

Any flyers, company literature, press releases and editorials that you have, should be inserted into your business plan. This will be quite critical as it may help investors better understand the products and services that your venture offers and how they may dominate the particular niche that your business will be selling in.

Assertions like "we can sell at the lowest prices with outstanding customer service" are cliched and you need to think of honest language that better represents the way your organization will function. Stories about you, your company, and your staff, with examples of things you have accomplished, will show how you will make your organization profitable.

Marketing and Sales

  • The businesses marketing strategy should focus your attention on assuring you utilize your finite assets in the best way you can.

  • Your sales techniques must be a touch more than cold calling on the telephone or hoping potential buyers will simply come to you.

  • You must develop a compelling advertising campaign to deliver your sales message, produce leads and set up a clear brand.

  • Detail your promotional activities, and how they are devised to widen your customer base and produce further opportunities for your venture.

  • Show how you will construct an entertaining story to get free publicity to advertise your organization.

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