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Your Strong 9V Batteries Business Plan

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

Executive Summary

  • Briefly define why your business exists as simply as possible using plain and easy-to-understand language.

  • Spell out your current situation and detail how you will get from where you are presently, to where you hope to get.

  • Set out what the essential success factors are and why you have selected these.

  • Clarify your financial position and how much cash will be needed for your venture to start trading.

  • Identify the objectives that you will have and why they were selected.

  • Establish a clear, eye-catching, vision statement for your company.

  • Spell out the milestones demonstrating how your business plan will be utilized.

Market Analysis

You must locate the appropriate market research supplying you with market size, where the market is going and prospective growth projections. Avoid using a lot of national and worldwide statistics for a niche or provincial company; except that you are starting an international or nationwide business, you need a local focus to your analysis.

  • Supply concise information for the total current market sector.

  • Detail the likely shifts for the market and how your business is ready for them.

  • Set out your Unique Selling Proposition and the benefits that you aim to bring to your possible customers.

  • Outline your target market and set out the features of your optimal purchaser.

  • Describe the needs your potential buyers have and how your merchandise will satisfy them.

  • Write down a record of your competitors and briefly analyze their strengths; do not be unduly negative about them, be impartial.

Products and Services

You must:

  • Honestly set out your products and the differences from others that are available.

  • Decide how you must promote your products and services to optimize consumer perception.

  • Assess how your goods and services fit into the market; do they fix problems, present benefits, are they essential items or maybe they enhance a companies or a persons image?

Any advertisements, business reports, press releases and published articles available, must be included in the business plan. This is fairly important as it may help potential backers better understand the merchandise that your business provides and how they will be successful in the specific niche that your business will be in.

Claims like "we can sell at reduced prices with the finest customer service" are in every business plan and you really should try to think of honest phrasing that better portrays the way your company will function. Interesting stories about you, your business, and your staff, with details of things you have done, will demonstrate how you will make your organization profitable.

Marketing and Sales

  • The businesses marketing strategy must focus your attention on helping you use your restricted assets to their maximum effect.

  • The sales techniques should be a touch more than cold calling on the phone or hoping buyers will simply come to you.

  • You must build up an effective advertising campaign to communicate your sales message, increase leads and set up a powerful brand.

  • Explain your promotional activities, and how they are fashioned to widen your customer base and bring into being opportunities for your company.

  • Show how you will produce an intriguing story to obtain free publicity to promote your company.

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