| So you have chosen your desired business,
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| | loan. If you are hoping to secure equity
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| you have found the perfect location and
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| | finance then your business plan needs to
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| you have decided exactly what you want
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| | explain why current resources, upcoming
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| from your new venture. Sounds like you
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| | growth opportunities and sustainable
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| are part way to making your dream of
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| | competitive advantage will lead to a high
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| owning your own business into a reality.
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| | valuation.
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| So what's next? Your formal statement and
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| | In order to attain any form of business
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| set of business goals of course.
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| | start-up finance you will need to have a
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| I am indeed referring to your business
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| | well thought out and structured business
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| plan; the most important document you
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| | plan. This is due to the fact your
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| will produce to do with your business.
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| | business plan will demonstrate to a
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| Your business plan will record everything
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| | potential investor or lender whether your
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| that you are planning to achieve with
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| | venture has the potential to succeed.
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| your business and how you intend to do
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| | They will want structured and realistic
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| this. It acts as your decision making
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| | evidence that you can make your business
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| tool and should be realistic in terms of
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| | work. Without this a lender or investor
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| what you are going to do with your
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| | will not give you the start-up finance
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| business.
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| | your business needs to succeed as they
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| There is no fixed content to a business
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| | won't want to take the risk.
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| plan; you don't have a list of what has
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| | Your business plan will need to show the
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| to be placed within your plan. The
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| | strategy, marketing and financial
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| content and format of your business plan
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| | forecast of your business. Your strategy
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| is determined by your business goals and
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| | being why and how your plan will work and
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| the audience to which you are writing
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| | your marketing being the process by which
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| your business plan for as well as your
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| | your business will decide what it wants
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| target market for your business. Your
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| | to sell, to who and when and how.
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| plan will also draw on a wide range of
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| | One way in which you should produce your
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| knowledge from many different places such
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| | business plan is in certain stages such
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| as finance, human resource management,
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| | as starting with the most vital part of
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| intellectual property management, supply
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| | your plan; your executive summary. This
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| chain, operations and marketing.
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| | is an overview of your business. Many
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| Your business plan, as well as setting
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| | lenders and investors make judgements
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| the guide for your business, is also used
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| | based purely on this aspect of your
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| to secure the external funding for your
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| | business plan.
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| business. The way in which this is done
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| | Finally it should be noted that your
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| depends on the type of funding that you
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| | business plan is also on going. It is a
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| are hoping for. If you want debt finance,
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| | working plan that can be added to
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| for example in the form of a bank loan,
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| | throughout your business; keeping
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| then within your business plan you must
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| | everything that you do well documented.
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| demonstrate how you are planning to
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| | Helen is the web master of Angel
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| re-pay this loan to show that your
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| | Start-ups, home of all your Business
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| business has the ability to re-pay the
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| | Plan writing needs.
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