Published at Wednesday, May 09th, 2018 - 08:22:35 AM. Template. By Gloriane Robbins.
Business strategy: If the business objective defines what you want to achieve, business strategy defines how you are going to achieve it. Whether this strategy involves sales and marketing plans or production and quality standards or a mix of several different strategies, you need to be able to demonstrate that the objective is achievable through the implementation of your chosen methods. The financial section of the business plan is the demonstration of your success.
This is about the physical infrastructure that you require to get your business off the ground. From desks to computers to light bulbs. Necessary infrastructure is often underestimated before the business starts and can quickly become a drain on finances when you suddenly discover you need one new item after another. Preparing a thorough Business Plan will make you aware of everything you will need to start your business and associated costs.
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