A well-researched business plan is an business plan resources-overlooked key to success.
Who should do a business plan? Business planning is a process that leads to a product. Why is a market analysis for my product or service important? Is it emerging, growing, stable or declining? Who buys and what do they buy?
Where do I find information on my industry? Look for an resources that provides statistics. Apply the national statistics to your plan demographics. Then consider business your target markets.
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How do I make a sales projection? When do I discuss my product and services? The question remains: is this business financially feasible? Subtract the fixed costs you identified from the gross margin. Starting or growing a business requires financial risk.
Do I need a Management Plan? Access business statistics and benchmarks, useful financial ratios, and effective and understandable online analysis of businesses and industries. This public site provides information on consumer expenditures nationally, regionally and by selected metropolitan areas. Business Owner’s Toolkit Samples of business plans and other tools. Edward Lowe Resource Center Articles with solutions gleaned from CEOs and business owners. Census Bureau This public site is a major link to demographic and economic census data. Small Business Administration This is a complex site but you can find information on SBA programs and other resources.
Surf the library and you’ll find information to help you in planning your business. Washington State Department of Revenue This public site provides information on retail sales within the State of Washington in detail to selected cities by NAIC code. In addition, many tax topics are covered. Washington State Office of Financial Management This public site provides information on economic, social-economic, population, estimates and forecasts, and city and county data. It also provides links to the United States Census 2000 web site.
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