What are the factors to consider when writing a business plan

[Godspower]

When writing a Business plan, the following factors should be considered : you ask yourself, do i have enough capital, the type of business you want to do, get adequate knowledge of the business, what products and services you want to render, and know your target market.

These are very good points. Don't forget to also consider competition and possible rivals in the business and try to develop a plan to stay ahead of them.

 

[greenie]

Factors to be considered are. Time management, good human relation, good transportation system, good network facilities, and market to seel the business must be considered. Then plan to always pay your workers wages in time for better service from them.

 

[Sotherefore]

Whenever I am doing a business plan I have to research on the location I am starting the business, Base on my research and what I have find out about the interest of people is what will help me to write out a business plan, it will be base on the thing people will always be interested of.

 

[Shigobad20201]

When writing a business plan , you must put time factors , research ,manpower , location of the business and the money you at going to use in the business into consideration .

Whenever I am doing a business plan I have to research on the location I am starting the business, Base on my research and what I have find out about the interest of people is what will help me to write out a business plan, it will be base on the thing people will always be interested of.

 

[Sotherefore]

When writing a business plan , you must put time factors , research ,manpower , location of the business and the money you at going to use in the business into consideration .

Oh, in this case I think it is absolutely necessary for me to invite an expert to help me in all these things because a single individual may not be able to give accurate calculation of this especially when you have not done it before.. Are they all really necessary ? Like the time factors ?

 

[Abigael]

Whenever I am doing a business plan I have to research on the location I am starting the business, Base on my research and what I have find out about the interest of people is what will help me to write out a business plan, it will be base on the thing people will always be interested of.

That is a very important thing to consider. The location of your business is an important factor that will enable your customers to reach you easily. Therefore, you should do alot of research and choose the location wisely.

 

[kayode10]

Composite if analysis is one of the factors you need to consider when you are writing a business plan for your company. You are going to include how you will navigate your product or service in the marketplace to make most profit. You must also consider return on investment in order to attract investors.

 

[Sotherefore]

That is a very important thing to consider. The location of your business is an important factor that will enable your customers to reach you easily. Therefore, you should do alot of research and choose the location wisely.

I am always so sceptical about this because I can never establish my business in a bad location or a location which I believe it won't be profitable, businessman requires so much money to start and I can't withstand to lose my money because of bad location.. That would be terrible.

 

[Kaffyfolla]

Here's what's important to consider when writing your business plan.

• Executive summary. ...
• Company description. ...
• Market analysis and opportunity. ...
• Competitive analysis. ...
• Execution plan: operations, development, management. ...
• Marketing plan. ...
• Financial history and projections

 

[Grandeur]

I would say that the most important part of a business plan is the outline, that is how you write out the basic details of what you intend to pass across to potential investors, stakeholders and customers.

 

[jay]

You must first consider the demand for the business in your location, consider how competitive it is in your area, make sure it is located on easily transportable areas and more also, know the opinions of the customers

Studying your competition in the business is something that should always come into your business plan because they have everything in their power to rival your business and you must know that.

 

[kayode10]

Market research is one of the things you need to consider when you are writing a business plan. it must be stated clearly in the business plan how you want to capture the market. You need to be able to outline how you will return the investors money and return on investment for a certain period of time.

 

[Heatman]

Your business plan should have the following , capital outline , location anysis , competitors analysis , promotion need and other aspect . These things are considered , and the business plan built from them .

I believe that every business is actually set up to make money which is why you have to consider everything that is going to prevent your business from making money and take care of it.

 

[ganibade]

The factor to be considered when it comes to a written business plan. this a very crucial aspect of the business plan to write a good plans how to spend capitals on business.

 

[jay]

You must first consider the demand for the business in your location, consider how competitive it is in your area, make sure it is located on easily transportable areas and more also, know the opinions of the customers

As far as I am concerned and believe that it is very important for you to consider everything that is related to the business when you are writing a business plan because if you leave anyone out it is going to affect the business.

 

[Syldan]

One of those which is needed to be considered before writing a business plan, is to examine yourself if you are ready for the business and also the capital which will be used in funding the business.

 

[Shigobad20201]

When writing a business plan , the factor to consider when writing a business plan is to minimize your business spending plan , I mean the money needed to start the business when you know you don't have much.

 

[Heatman]

You must first consider the demand for the business in your location, consider how competitive it is in your area, make sure it is located on easily transportable areas and more also, know the opinions of the customers

Location of your business is something that is very important in your business plan because it is what is going to determine how often your customers come to your business.

 

[jay]

I want to write a business plan but is there any factors I should consider before preparing my business plan?

It is very important for you to consider the risk factor in starting a business when you are writing a business plan because eventually there is always a possibility of the business not succeeding.

 

[Shigobad20201]

It is very important for you to consider the risk factor in starting a business when you are writing a business plan because eventually there is always a possibility of the business not succeeding.

Considering the risk factor of starting a business , you must try and make a thorough research of using the available resources and reduce the cost of your business start up,