Creating a Viable Business Plan

[Iboro]

Creating a business plan involves several key steps:
1) Define the problem that the business solution will solve, and outline the unique value proposition.

2) Identify the target market and understand the competition.

3) Set clear financial goals, including projected revenue and expenses.

4) Develop a marketing and sales strategy to reach potential customers.

5) Present a detailed budget and timeline for development and launch.

6) Plan for scalability and future developments to ensure long-term success.

This plan should be well-researched, feasible, and backed by industry data and market analysis.

 

[Kane]

The most important goal for a business is to build revenue. IN order to build revenue, the business plan needs to be viable. A viable business plan means the business has the potential to bring sales and revenue. If your business is not profitable how do you suppose to build revenue.