New Business Planning

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A variety of resources can be used for research, ranging from databases and articles to direct interviews with other entrepreneurs or potential customers.

Research should be documented and organized carefully with the information gathered and the source as there is a need to cite sources within the plan.2.

Internal plans provide information about project marketing, hiring and tech costs.

They also typically include a market analysis illustrating target demographics, market size and the market’s positive effect on the company income.

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Draft With financials more or less settled and a strategy decided, it is time to draft through the narrative of the plan’s many sections.

With the background work you have completed, the drafting itself should be a relatively painless process.

Finally, proofread thoroughly for spelling, grammar, and formatting, enlisting the help of others to act as additional sets of eyes.

You may begin to experience burnout from working on the plan for so long and have a need to set it aside for a bit to look at it again with fresh eyes.

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