The One Essential Element Most Business Plans Miss

StartupNationStartupNation administrator Posts: 625 Site Admin

imageThe One Essential Element Most Business Plans Miss

What most entrepreneurs don't know about is the kind of plan that attracts funding. Such business plans have one key element: they focus on marketing.

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Comments

  • cdevoscdevos Winnipegsubscriber Posts: 18 Bronze Level Member
    Great points Dave! Thanks for the great business plan tips.

    Depending on your vision of large you want to grow and how many employees you want to be able to accommodate, your technology plan on what software and hardware you'll need should be worked into your business plan as well.
    I.E. will you have a server on premise to manage services or will you go the cloud route. Do you need any additional applications or hardware to run your business and can they be managed by yourself or an in-house IT person once you grow large enough.

    A technology roadmap might not be critical in your first year but definitely something you want to have an update as your business grows.
    Colton De Vos - Marketing Specialist
    Resolute Technology Solutions
    IT Consulting | IT Managed Services
  • damponting44damponting44 Punesubscriber Posts: 34 Bronze Level Member
    If you are going to sell products and/or services, you should have a marketing plan. You could just “wing it” like most people do, but you are likely to have better results if you do some planning up front.
  • ShaneMurrayShaneMurray subscriber Posts: 25 Member
    Thank you very much for the article. I find it very useful.
    Indeed, a business plan is a fundamental aspect of the implementation of any business idea, and its careful preparation allows to assess a variety of risks and avoid them at the stage of starting a business or expanding it. This stage helps to control the project in the process of its implementation. And I think that this step shouldn't be missed because this is the foundation for a startup.
  • Ryan O'BlenessRyan O'Bleness Birmingham, Mich. administrator Posts: 1,107 Site Admin
    @ShaneMurray, I am glad you found the article useful. A good, detailed marketing plan could make or break your company's chances of getting funded. 
    Ryan O'Bleness
    Community Manager
    StartupNation, LLC
  • salenadamsalenadam Canadasubscriber Posts: 99 Silver Level Member
    Most of the enterprenuers and bussinessmens know they need a business plan to attract funding ,but unfortunately ,most of the plans are fails to acheiev this goal.
  • EntonyEntony subscriber Posts: 4 Member

    It’s a proven fact that a business plan raises startup success chances by 16%. Besides, 71% of fast-developing companies have a detailed business plan. I found article about "how to create business plan for startup", you can find it in Cleveroad blog. Also here is templates examples of business plan.

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