Friday, March 27, 2009

Planning in Business

Before any detailed work commences on writing a comprehensive business plan, we should:

  • Clearly define the target audience
  • Determine its requirements in relation to the contents and levels of detail
  • Map out the plan's structure (contents page)
  • Decide on the likely length of the plan
  • Identify all the main issues to be addressed
When looking around for business ideas, bear in mind that these could be based on any of the following approaches:
  • A manufactured product where you buy materials or parts and make up the product(s) yourself.
  • A distributed product where you buy product from a wholesaler/MLM, retailer, or manufacturer.
  • A service which you provide.

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