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Your Strong Paint Thinners Business Plan

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

Executive Summary

  • Define your ideas as clearly as you can and without jargon.

  • Clarify your current state of affairs and explain how you will get from where you are now, to where you anticipate being.

  • Describe what the important success factors will be and the reasons you have specifically decided upon them.

  • Explain your current financial situation and how much borrowing will be needed for the venture to begin trading.

  • Identify the clear objectives that your organization has and why they have been selected.

  • Produce an unambiguous, bold, vision statement for your venture.

  • Itemize the milestones and timetable showing in what way you will use the business plan.

Market Analysis

You should find the relevant market research supplying you with market size, where the market is heading and expected growth estimates. Do not utilize a lot of national and worldwide information for a home or local business; except that you are starting a global or nationwide business, you must have a more local focus to any research.

  • Present brief information about the general market.

  • Describe the anticipated changes for the market your company is in and how you have prepared for them.

  • Describe the ventures USP and the benefits that you will bring to your likely customers.

  • Clearly describe your target market and spell out the characteristics of your companies prototypical customer.

  • Detail the requirements your potential clientele have and how you will satisfy them.

  • Create a record of your direct competitors and analyze their strengths; do not be unduly negative about them, tell the truth.

Products and Services

You must:

  • Simply explain your products and services and how they are different from others being sold.

  • Spell out how you will publicize your products and services to boost customer awareness.

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

Any advertisements, company literature, press releases and items that you have, should be contained in your business plan. This is fairly significant as it will help interested parties better understand the products and services that your business supplies and how they might flourish in the niche that your business will be selling in.

Declarations such as "we will sell at reduced prices with first-rate service" are cliched and you really must try to come up with decent phrasing that represents the way your company will function. Stories about you, your organization, and your staff, with examples of things you have done, will demonstrate how you will make your company a success.

Marketing and Sales

  • The businesses marketing strategy must concentrate on assuring you use your limited resources to their maximum effect.

  • Your sales approach must be a bit more than cold calling or believing potential buyers will simply rush to buy.

  • You must develop a powerful advertising campaign to deliver your sales message, create leads and set up a great brand.

  • Describe your promotional activities, and how they are fashioned to extend your customer base and open opportunities for your business.

  • Detail how you will build a great story to get free publicity to advertise your business.

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