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Anyone in this industry that might lend a helping hand? I`m working on my business plan and estimating my startup costs. Should I start my business as I write the plan? I don`t have some vital information for the plan because I have not started the business. Help.
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Anyone in this industry that might lend a helping hand? I`m working on my business plan and estimating my startup costs. Should I start my business as I write the plan? I don`t have some vital information for the plan because I have not started the business. Help.
Anyone in this industry that might lend a helping hand? I`m working on my business plan and estimating my startup costs. Should I start my business as I write the plan? I don`t have some vital information for the plan because I have not started the business. Help.
Hi BJ,
You do not need to have started your business to put a business plan together. Eveyone does not start with one, but if you are going go to a lender, you should have your something fairly formal on paper. Anyway, it is always a good thing to have a plan, even a simple one, to follow. Just think of it as a "things to do" list. A couple of the things to think about: your space situation, can store your products out of sight so they don`t intrude into your family space; can you return products if they do not sell in a certain amount of time, etc.
Anyone in this industry that might lend a helping hand? I`m working on my business plan and estimating my startup costs. Should I start my business as I write the plan? I don`t have some vital information for the plan because I have not started the business. Help.
How far along are you? While I`m sure you don`t want to reveal to us the more closely-guarded secrets of your business, the sector you`re in has a big influence on what aspect of your business to emphasize the most. If you`re selling software, emphasizing past projects and license revenue is key. If you`re selling camcorders, talking about a rising customer interest away from still cameras is a talking point if you want funding. If you`re selling high-end perfume, analyzing the large beauty market around the world will cement your bottom line.