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Business Plan

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A good business plan is (05 Aug 2009)
A good business plan is a blueprint for your life as an owner of a any business. It should be dynamic, and should be updated on an annual basis. A good business plan is sensible, it is detailed, it understands what the reality of the world is. It?s too easy to do a good business plan which is based on dreams and made up numbers. A good business plan is the key to setting up a successful business. Once a plan is prepared, the entrepreneur faces various challenges while implementing the plan.

What is a good business plan? (02 Aug 2009)
A good business plan is a working partner. Treat it well and you will be rewarded. A good business plan is much more than back-up data for a loan application. Would you start a long trip without a road map, or would a builder undertake a project without a set of drawings or blueprints? A good business plan is a mindset more that a document. An effective business plan could be thought of as the conscious choices the leaders of an organization make about how they will meet the demand and opportunities of the business environment.

What you should know when starting a small business (04 Aug 2009)
Starting a small business is always risky, and the chance of success is slim. Small Business Administration, roughly 50% of small businesses fail within the first five years. Starting a small business offers rewards and challenges that attract thousands of new entrepreneurs each year. Owning a business for many entrepreneurs is the American dream that allows them the opportunity to be their own boss, earn money for themselves, work flexible hours, work at home, and work at something they enjoy. Starting a small business is hard work. In a tough economy, it can be even harder.

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