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BUSINESS PLAN THAT GUARANTEES BIG PROFITS 3503
Success in business comes as a result of planning. You have to
have a detailed, written plan that shows what the ultimate goal
is, the reason for the goal, and each milestone that must be
passed in order to reach your goal.
A business plan is written definition of, and operational plan
for achieving your goal. You need a complete but
success tool in order to define your basic product, income
objectives and specific operating procedures. YOU HAVE TO HAVE A
BUSINESS PLAN to attract investors, obtain financing and hold
onto the confidence of your creditors, particularly in times of
cash flow shortages--in this instance, the amount of money you
have on hand compared with the expenses that must be met.
Aside from an overall directional policy for the production,
sales effort and profit goals of your product--your basic "travel
guide" to business success--the most important purpose your
business plan will serve, will be the basis or foundation of any
financial proposals you submit. Many entrepreneurs are under the
mistaken impression that a business plan is the same as a
financial proposal, or that a financial proposal constitutes a
business plan. This is just a misunderstanding of the uses of
these two separate and different business success aids.
The business plan is a long range "map" to guide your business
to the goal you've set for it. The plan details the what, why,
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