Published at Wednesday, May 09th, 2018 - 08:10:42 AM. Template. By Elmira Paris.
Here is where you outline your idea in a nutshell and provide a brief business model as to what your idea is. It is almost like a miniature version of your Business Plan and although is the first component, it is very often the last section that gets written. A summary of what the main components of your plan are.
Enables you to review the business as a whole as well as each important segment. Enables you to spot strengths and weaknesses. You can use these to leverage opportunities and far more importantly, decide on how you are going to cope with threats. You can then prepare contingency plans and measures to deal with the situation. Help you to spot the areas that need to be beefed up possibly with the help of outside expert opinion. Provides the basis for taking important long-term decisions such as applying for business loans, recruiting your key people and planning for infrastructure and facilities.
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