What are the factors to consider when writing a business plan

[Ojonuyo]

Capital to start up a business should be the first factor to consider, because a business without capital is dead. And no matter how wonderful your idea might look you still need a source of capital. Next you will need a strong marketing strategy.

 

[Eyiteepraise]

When writing a business plan there are a lot of factors to be considered, firstly is capital needed to start the business and also to purchase resources needed for the business, The geographical location of the business, it must be close to the market so as to avoid losses on transportation, check out for fake materials too.

 

[Sariana23]

Among the factors to consider is that you must have a clear idea of the business, organize all the information collected to be able to execute and carry it out. You have to have a special interest in who the business is aimed at, for this an evaluation of the site and the potential customers is carried out. With this and the information that the members have provided, you can make your work plan and specify it.

 

[Trexxxy]

There are quite a few factors to be considered when writing a business plan.
Description of the business (what type of business)
Locations and labour
Business projections in terms of profitability margin
Long term sustainability strategy.

 

[Greentech009]

For you to start a business the first thing u must know is the resing why you wanted to start the business. Most important and factors u must consider is how to survive and successful in that businesses .
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For you to start a business the first thing u must know is the resing why you wanted to start the business. Most important and factors u must consider is how to survive and successful in that businesses .

 

[Emmanuella]

when writing a business plan, there are so many factors one should consider. Firstly, you should draft out a rough sketch of how the business will look like. secondly, you need to write down your target, your aim or goals within a specific period. You also need to write down the strategy you feel will be suitable to market your products and then you do your market survey

 

[giddy]

The plan should be concise: 20 to 30 pages should be sufficient and should include a brief two-page Executive Summary. You should be able to describe the basic premise of the enterprise in three to five sentences. If you cannot, then you are not thinking clearly and focused enough, and the business is likely to fail.

 

[Pirate]

When writing a business plan you have to consider the demand and the availability of the product that's up for business,
Also you have to consider the location of the business and the proximity of market or supplier to the business and the marketing strategy of the various competition in the same market

 

[Sammyesx]

1. How valuable is your product or services, it is providing a solution to an existing problem?
2.who are your customers and how best can you meet them.
3.how to maximize your capital to produce enough income.

 

[giddy]

WhatsApp has officially launched a new app, called WhatsApp Business. It's completely separate to the standard version of WhatsApp, but it works in much the same manner – only its purpose is connecting businesses and customers, rather than friends and family. The app is aimed at small business owners.

 

[MarieArie]

Every business needs a business plan no matter how large or small it begins. Writing a business plan isn’t a difficult task. To write a good business plan takes a lot of thought and consideration. There are many templates available to help you get started. Think beyond the blank lines to how you can customize your business plan so that you can really make it your own.
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Every business needs a business plan no matter how large or small it begins. Writing a business plan isn’t a difficult task. To write a good business plan takes a lot of thought and consideration. There are many templates available to help you get started. Think beyond the blank lines to how you can customize your business plan so that you can really make it your own.

 

[shakky2]

the factors to be considered when considering a business plans are location which has to do with choosing a very resoureceful location and targeting the kind of goods that will turn out well in the environment. Also,you have to take into consideration the capital that is to be used to venture into the business

 

[Hasan Raza]

Team work in an organization is the backbone in success of your business. You must determine your purpose and you should have a proper plan. Build your vision regarding your business nature. Completely clarify your business model. The most important thing is to identify your target market and also test your business idea.

 

[Abigael]

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

The things that you should consider when writing a business plan include;
1. The type of business you want to start - this clearly states the business including what problems you want to solve.
2. The capital and resources needed - here, you mention the amount you need, whether you need a premise for the business and any other equipments such as machines.
3. Location of the business and the market value - these two go hand in hand because you will need to locate your business where there is good market.

 

[Hdre3m3n]

When you're first getting serious about starting a business, the first thing you should do is to write a business plan. The first thing in your business plan should be a plan to make a profit, the next thing is to have a clear vision of what you want to accomplish as a company. Then clarify your business model and identify your target market.

 

[Chumzy]

First of all every business iis set up to solve a problem in the environment which they exist. So it is important to know the problem you are trying to solve and write it out. Then most importantly the financial or cash flow analysis of the chat should be done with so much care.

 

[Samuel77]

According to my own point of view, the factors to be consider when written a business plan are first what to produce, second the amount of workers you will need in your business and third the environment you will be setting up your business

 

[shakky2]

factors t to be considered before drawing a business plan is making sure that the business is well built .you have to make sure the business strategies tally with the business to be done

 

[Nicklas22]

1.Determine your purpose . Having a plan to make a profit is important, but it's not the only thing that matters when you start a business.
2.Build your vision
3.Clarify your business model.
4.Identify your target market
5.Test your business idea.
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1.Determine your purpose . Having a plan to make a profit is important, but it's not the only thing that matters when you start a business.
2.Build your vision
3.Clarify your business model.
4.Identify your target market
5.Test your business idea.

 

[Zevin]

First and foremost, you need to have a clear cut answer on how you will raise funds to start the business. If you do not have start-up capital, your business idea will never materialize. Secondly, you need to have a target audience for your product or services. If you do not know who your audience is, how are you going to sell your products or services.