how to write a feasibility study
Five Things to Do Before Writing a Business Plan Writing a business plan is not an easy task. Most people spent days or even weeks to write a 20- or 30-page business plan. Sure, there are many websites that provide information on how to write abusiness plan. But before you start writing yours, there are five simple things that you need to do. These five things will make writing your business plan much easier.
1. Describe your product or service
You need to make sure that you can really tell people exactly whatyour business is going to produce or do. You can start by making a list of the features that your product will have and deciding what your product will look like. After you are sure that you have a perfect understanding of your product or service, you are ready to start writing your business plan.
2. Create a list of your business' sources of income
You should write a list of the things that will be the sources of income for your business. If you plan to build a website that provides recipes for free, for example, you can sell advertisingspace and products from Clickbooth and Amazon.
LABELS: BUSINESS PLAN
Selling a Business for Top Dollar Business owners often become so involved in their company's daily operations that they sometimes fail to realize the business might be sold. A sale of a business might be forced, for example, by the illness of the owner, by a divorce or by concern over lack of succession. It might also be unexpected as a result of an advantageous offer.
Whatever the reason for selling, an owner of a business will want to obtain the best possibleprice. As a business owner, then, it makes sense to establish what is known as a departure plan so that your business will attract top dollar should it be sold.
Potential growth
A departure plan isn't something that can be put together at the last moment. It must become part of the business's day-to-day management. Too often, business owners fail to do this. But unless you
1. Describe your product or service
You need to make sure that you can really tell people exactly whatyour business is going to produce or do. You can start by making a list of the features that your product will have and deciding what your product will look like. After you are sure that you have a perfect understanding of your product or service, you are ready to start writing your business plan.
2. Create a list of your business' sources of income
You should write a list of the things that will be the sources of income for your business. If you plan to build a website that provides recipes for free, for example, you can sell advertisingspace and products from Clickbooth and Amazon.
LABELS: BUSINESS PLAN
Selling a Business for Top Dollar Business owners often become so involved in their company's daily operations that they sometimes fail to realize the business might be sold. A sale of a business might be forced, for example, by the illness of the owner, by a divorce or by concern over lack of succession. It might also be unexpected as a result of an advantageous offer.
Whatever the reason for selling, an owner of a business will want to obtain the best possibleprice. As a business owner, then, it makes sense to establish what is known as a departure plan so that your business will attract top dollar should it be sold.
Potential growth
A departure plan isn't something that can be put together at the last moment. It must become part of the business's day-to-day management. Too often, business owners fail to do this. But unless you