Business Planning
We believe a business plan should be a work in progress because business evolves over time and is dependent on many outside factors such as the economy and local conditions.
BDAG’s simple business plan covers these main areas:
Business Overview
- Business Name
- Legal Structure
- Location
- Brief description
- Open date
Business Idea Evaluation
- Description of product and/or service
- Why people will buy your products and/or services
- Primary group demographics of potential customers
- How do you plan to promote to potential customers
- Who are your competitors? List 3 advantages and disadvantages
Estimating Start-up Cost
Estimating Annual Sales and Earnings