Step by step business plan guide

Step by step business plan guide

22.11.2016 · Business plans
Before starting a business-planning, think about your future revenue. Let’s assume, you want to open a cookies shop. You have already analyzed your competitors’ revenues, thus you are ready to calculate the approximate daily revenue. For example, it will be $100 a day. Then your annual revenue will amount to: $100 * 300 = $30 000.
Elaboration of the business plan

Elaboration of the business plan

12.11.2016 · Business plans
Explore the market before preparing financial plans. After research you have to realize the things as follows: 1. Market volume, i.e. what is the daily revenue from the sales of the similar product on a given territory. 2. Competition. It's important to know not only the quantity of competitors, but how much they earn. Moreover, it's necessary to analyze your competitors’ strong and weak sides and compare the results of analysis with the opportunities of your future business. 3. Price level. It's necessary to understand what is the average price for the similar product or service. Such understanding allows you to have a starting point, that will help you predict future costs.
How to plan for business?

How to plan for business?

12.11.2016 · Business plans
Have you noticed how often we use the word “strategy” in recent years? The issue of planning is so popularized that soon we are likely to make a strategy of visiting a grocery store. Why is planning so important nowadays? Probably, the reason is in demand. As marketing managers claim, demand creates supply.