Short Term Business Plan Example

Short Term Business Plan Example-17
Now is a good time to free-associate a little bit--to let your mind roam, exploring every avenue that you'd like your business to go down.

Now is a good time to free-associate a little bit--to let your mind roam, exploring every avenue that you'd like your business to go down.Try writing a personal essay on your business goals.

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Finally, you'll take a look at common elements of most plans to get an idea of which ones you want to include and how each will be treated. In fact, without knowing where you're going, it's not really possible to plan at all.However, this is rarely the case, for one simple reason: You usually have to pay your own suppliers before your customers pay you.This cash flow conundrum is the reason so many fast-growing companies have to seek bank financing or equity sales to finance their growth.One of the most important reasons to plan your plan is that you may be held accountable for the projections and proposals it contains.That's especially true if you use your plan to raise money to finance your company.Let's say you forecast opening four new locations in the second year of your retail operation.An investor may have a beef if, due to circumstances you could have foreseen, you only open two.In that case, you'll have to focus very carefully on the executive summary, the management, and marketing and financial aspects.You'll need to have a clearly focused vision of how your company is going to make money.It's easy when you're short of cash, or expect to be short of cash, to take the attitude that almost any source of funding is just fine.But each kind of financing has different characteristics that you should take into consideration when planning your plan.


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