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The most challenging part of business planning

RichRich administrator Posts: 582 Site Admin
edited August 2006 in Business Planning
In my experience, really in-depth and substantive market research is the most elusive and difficult part of building a business plan.
What are your thoughts about the most challenging part of writing a business plan?
Maybe we can get some dialogue going here to get some of these planning roadblocks out in the open so others who`ve overcome them can share tricks of the trade for you to do the same.


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    RichRich administrator Posts: 582 Site Admin
    soon we`re releasing 10 Steps to Grow Your Business as a follow-on to 10 Steps to Open for Business, and we`re including in Step 1 the important use of online surveys just like the ones you mention as a way to get a sense of your business` current status.
    i guess i hadn`t thought about using free online surveys before you start up.
    ahhh, the power of thousands sharing their ideas...
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    boywithadrumboywithadrum subscriber Posts: 1
    Hey guys, I wanted to pipe in here.  I am fairly new to Startup Nation and I just wanted to thank you for your hard work and for sharing your knowledge to better your fellow entrepeneur`s experiences.
    One of the hardest things about writing my business plan is that my huge over time plans are vast and interconnected.  They are too involved to accurately write a plan for those big future ideas right now, but I need a plan done asap.  I am trying to write a simple plan covering only the first stages of my company`s development, but knowing where to draw those lines is difficult.
    I don`t want to over commit right off the bat but I want to command enough attention so an overview is necessary I feel.  I don`t want to grossly under or overestimate my potential so that investors can realize in the plan that it lays a foundation for growth, expansion and bigger and better things to come
    I know I am being vague here but the line is fine and it`s blurry here.  Chime in if you can help with financials especially for the first time plan. 
    Thanks   BoyWithADrum. . . . .
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