What are the factors to consider when writing a business plan

[Syldan]

Actually there are some factors which are very essential to be considered when writing or to start a business such as: you most know the kind or type of business you wanted to start and with the availability of capital to do the business.

 

[Connor909]

The following elements should be taken into account when drafting a business plan: the necessity of the plan, its distinctiveness, identity, business structure, target market, particular audience, startup costs, funding, strategic planning, implementation, and success measures. The plan must also be specific, practical, and clearly state who is responsible for what aspects of implementation.

 

[Robert90]

There are a number of things to take into account while drafting a business plan to make sure it succeeds. The executive summary, company description, market study, competition analysis, and execution strategy should all be included first. Second, it's crucial to have a mission statement that sums up the goal of the company in a clear and straightforward manner.

 

[Ernestnari]

The most important part of a business plan is the financial forecasts. You must be able to do the financial forecast and analysis. You have to consider the realistic length of your forecast dependent on the kind of business you are proposing.

 

[Jonaville1]

Before starting a business many factors are to be considered to be successful. One of the most important thing to be considered is the availability of capital. Without capital no business can be started because money makes the mare go so money is most important factor.

Your capital will give you an idea of what you should plan and how you should go about the plan. Your plan is surely going to involve money. It is inevitable