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How To Write An Effective Business Plan In 2018

Daniel MoayandaDaniel Moayanda subscriber Posts: 17 Bronze Level Member

It’s ideal for every entrepreneur to prepare or know how to write a business plan in Nigeria or anywhere else around the world. Whether you’re starting a business, running a business or about to expand a business, having a business plan as a road map to follow is crucial to your success.

Writing a business plan will help you achieve your entrepreneurial goals easier. It will give you a clear and concise path to follow through the course of your business executions, and will keep you focused on your target. Irrespective of achieving your entrepreneurial goals, having a business plan can be a great element to securing a bank loan and getting funding from an investor. You can find 10 comprehensive reasons to write a robust plan for your business here.

That said, here’s how to write a business plan in Nigeria or anywhere around the world that’d set you up for success and build investors confidence in your business.

  • Executive Summary
  • Business Description
  • Market Analysis
  • Design and Development Plan
  • Organization and Management
  • Service or Product Line
  • Sales and Marketing
  • Funding

Comments

  • Alberto G. MorrisonAlberto G. Morrison subscriber Posts: 26 Bronze Level Member
    Whether you’ve already started on next year’s business plan or need a little nudge to start, here are a few considerations to include in your startup’s 2018 business plan.
    ⦁ Conduct market research
    ⦁ Write a business plan
    ⦁ Secure funding
    ⦁ Pick a location
    ⦁ Choose a business structure
    ⦁ Get federal and state tax IDs
    ⦁ Apply for required licenses and permits

    Ways to Refresh Your Business Plan for a Successful 2018
    ⦁ Goals, goals, goals
    ⦁ Create your measurables
    ⦁ Plan your continuing education
    ⦁ Follow your customer journey
    ⦁ Brand evaluation
  • saravanansaravanan subscriber Posts: 389 Silver Level Member
    1. Research and Marketing Strategy
    2. Operations, Business Model, Law and Regulation
    3. Financials: Budgets and Projections

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