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| Business Plan Outline |
| An outline of a typical business plan can serve as a guide. You can adapt it to your specific business. Breaking down the plan into several components helps make drafting it a more manageable task. |
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plan , outline , businessplan |
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| What the plan should include |
| What the plan should include
Your business plan is a statement of intent. It should provide details of how you are going to develop your business, when you are going to do it, who's going to play a part and how you will manage the money. |
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what , include , plan , outline , category |
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| Product Basics |
| Products may be described in terms of their features and benefits. Features are product characteristics; benefits are customer needs served by those features. Some examples of features are size, color, horsepower, functionality, design, hours of business, and fabric content. Benefits are less tangible but always answer the customer's question: What's in it for me? |
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productbenefits , differentiation |
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| Protecting Your Ideas |
| It's not easy to think about ideas as property, but for some businesses it's vital. Most of us have had an idea for a new product or service only to dismiss, postpone, or neglect it. Sometimes we later find that others had the same idea, but took it to market before we did. By that time, it is too late for us to take advantage of the idea. |
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trademarks , copyrights , patents |
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| Buying a Franchise |
| n important step in the small business start-up process is deciding whether or not to go into business at all. Each year, thousands of potential entrepreneurs are faced with this difficult decision. Because of the risk and work involved in starting a new business, many new entrepreneurs choose franchising as an alternative to starting a new, independent business from scratch. |
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BuyingaFranchise , franchise |
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plan , outline , businessplan , what
include , category , productbenefits
differentiation , trademarks , copyrights
patents , BuyingaFranchise , franchise
buyingabusiness , marketniches , business
using , plans , write , writing
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