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How to Prepare a Proper Business Plan
It is a well-known fact that more than 60% of new businesses will fail in the first three years of their existence. A well-thought-out business plan, while not guaranteeing success, will increase the probability of a company becoming successful. Besides all the benefits of developing a comprehensive Business Plan, there are two main purposes it serves. First, it acts as a roadmap for the entrepreneur to guide him/her through the steps necessary to conduct a particular business. Second, it is a necessary document to be used in acquiring funding from banks or other funding sources such as venture capitalists or angel investors. Also, a Business Plan allows you to discover any weaknesses in your business idea. The Business Plan is a “living document” that is updated periodically to make corrections as necessary that reflect industry changes or trends, market conditions or other events not initially anticipated.

The objective of this webinar will be to guide you through the steps necessary to develop a proper and well-thought-out Business Plan.

Discussion Points:

- Mission statement – what are your goals, where do you want to be and how will you get there.
- Marketing – identify your target market and available potential customers.
- Financial – analyze your start-up costs and ongoing cash requirements and funding sources available to you.
- Pricing – determine pricing of your product(s) or service based on your costs, market conditions and competitor pricing.
- Competition – know who your key competitors are, their marketing strategy and pricing policy and how you plan to differentiate yourself from them.

This is a FREE webinar!

Oct 26, 2021 11:30 AM in Eastern Time (US and Canada)

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