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  • #16
    Re: Business Planning

    A business plan is a very important document to create for your business. No, not because you need it to be successful, but it is a useful tool in helping your understand your company better. Keep it simple and answer the basic questions.

    1) What need are you solving for?
    2) Can you get in front of the people who have that need?
    3) How are you different?
    4) Can you make money?

    If you have solid answers to those four questions, then you're business is heading in the right direction. While I'd love to take credit for those questions, I did get them from a blog post called What makes a good business plan. Have to give credit where credit is due. :-)
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    • #17
      Re: Business Planning

      Business plans may be internally or externally focused. Externally focused plans target goals that are important to external stakeholders, particularly financial stakeholders. They typically have detailed information about the organization or team attempting to reach the goals. With for-profit entities, external stakeholders include investors and customers.External stake-holders of non-profits include donors and the clients of the non-profit's services.For government agencies, external stakeholders include tax-payers, higher-level government agencies, and international lending bodies such as the IMF, the World Bank, various economic agencies of the UN, and development banks.
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      • #18
        Re: Business Planning

        Business Plan is the first step to get into the race of big name and fame.
        The more it is correct the faster your fame and name gets.
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        • #19
          Re: Business Planning

          A strategic plan is not the same thing as an operational plan. The former should be visionary, conceptual and directional in contrast to an operational plan which is likely to be shorter term, tactical, focused, implementable and measurable.

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          • #20
            Re: Business Planning

            When turning to investors for investment in your company, you should give the potential investor the peace of mind to feel comfortable about your company before they invest in your venture.
            A Business Plan is the foundation, or rather a springboard, towards the establishment and growth of a new business, particularly in the later stages of growth. A business plan is an essential tool for companies raising capital - and your business plan needs to be “investor ready”.
            The business plan document should be professionally prepared to meet the needs of the Venture Capitalists. In your business plan, you should be able to see your own project through the investor's eye. Your plan must be able to answer all the concerns of a potential contributor.
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            • #21
              Re: Business Planning

              Clearly, a business plan is the foundation for a successful, solid company. Without a plan and business strategy, there is no way your company can sustain long term growth (even short term)!

              I recommend doing a lot of research on who can help you form this plan. Bring in some outside help; it is worth spending the extra money to get a solid foundation to push you forward.
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              • #22
                Re: Business Planning

                Business Planning
                Each flu season, the workplace is a location where everyone can help stop the spread of influenza. Steps to take include getting a flu shot, practicing good health habits, and taking antiviral drugs if your health provider prescribes them.

                In an influenza pandemic, businesses and other employers have a key role in protecting employees' health and safety as well as limiting the negative impact to the economy and society. Companies that provide critical infrastructure services, such as power and telecommunications, also have a special responsibility to plan for continued operation in a crisis and should plan accordingly. As with any catastrophe, having a contingency plan is essential.

                Community strategies that delay or reduce the impact of a pandemic (also called non-pharmaceutical interventions) may help reduce the spread of disease until a vaccine is available.

                HHS and the Centers for Disease Control and Prevention have developed guidelines, including checklists, to assist businesses, industries, and other employers in planning for a pandemic outbreak as well as for other comparable catastrophes.
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