Business Plan Strategies

Upon following the advice of the two business plan experts in my previous post, I have incorporated some of their suggestions for my own business plan. I learned to make sure that the business plan must contain a realistic obstacle while in operation. The plan must also communicate how it will execute a viable solution to the issue the company may face. It is also very important to present evidence on the background information and facts concerning your chosen industry. This aspect of statistical and factual information show the investor you did your research, know your industry, and commits to a serious tone when presenting your plan. Getting in touch with your potential customers can increase your chances on improving the product and/or reinventing your goods or services to achieve assumed profits, or even more. I think I will survey people about the way I will present and sell my music and other products.

I also think I will have a business plan expert look over my plan before I submit it to an angel investor. This way I can ensure I have a more compelling business plan and everything within it is described with more than enough detail with a clear description of the company. The certified professional can come up with strategies can lead to success, for your company and the approval of your investor. I do not want to be one those business owners whose business plan is thrown in the trash after the first few seconds of reading it.

Why business plans don’t deliver: the five most common flaws and how to fix them. Retrieved August 3, 2011, from http://online.wsj.com/article/SB10001424052970204830304574133501980701202.html

Robbins, S. (n.d.). Stever Robbins, Inc.: productivity, profitability, & entrepreneurship. business plan reviews. Retrieved August 3, 2011, from http://www.steverrobbins.com/entrepreneurship/business-plan-reviews/