Writing a Killer Business Plan

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When establishing your business, there are several legal formalities you are expected to complete. These formalities, although cumbersome and occasionally time-consuming, also help in delaying the Project which Increase their Cost and expenses because of License Raj, and Red tapism. In so many cases there was too much delay in the Projects approval and by the time the project crossed its Viability. This holds true not only for those who are  planning  to launch their online  business  ventures. It is equally true for many of you who are already operating successful enterprises on the Internet.

A well-written  business   plan  may help you obtain a new line of  business  credit, increase existing limits, bring new investors and venture capitalists on board and even help independent organizations and agencies accurately assess the total net worth of your company.  Business   plans , however, take you to the next level of expansion and growth by helping you develop a sense of clarity in your own mind about where your company is today and the direction it should take tomorrow.

Components of a Successful  Business   Plan 

If the ideas take time to incubate and take the shape of concrete words that is perfectly normal and OK. You can always worry about the stylistics, grammar, punctuation and syntax later. What is most important is to get the ideas down on paper and the juices flowing. As Peter Elbow, the famous writing expert says, writing is more about ideas, concepts and thought processes than it is about spelling, grammar and punctuation. Here are the ten most critical elements of a well-crafted and insightful business that accurately reflects your company’s objectives and your personal milestones of achievement.

– Rational Business Proposition…

– Reliable Funding…

– Risk-return Ratio…

– Clear Goals…

– Competition Analysis…

– Competitive Advantage…

– Marketing Strategy…

– After Sales Service/Customer Satisfaction…

– Personnel…

– The Almighty Budget…

Conclusion

When you enter your car and get ready to drive away, you know what your destination will be. Operating a business is no different. A viable  business   plan  is much like a roadmap that charts a clear course for you.

Your  business   plan  should be precise, terse and journalistic as Hemingway would put it. However, do not be stingy with details, facts and a tinge of persuasion. After all, the primary purpose of your business proposal at the front end is to persuade your reader to take action in your favor and support you as you gradually make progress on your pathway to success.


Source by Partha Nag

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