How to Start a Business Business Plan

  • 10 years ago
http://www.briansmahoney.com
https://www.youtube.com/watch?v=qd7AFyH0fM8
Hi I am Brian S. Mahoney of www.BriansMahoney.com. Today I am going to talk to you about How to start a business. The first thing you need to do when starting a business is to creat a business plan. There are ten parts to creating a Professional business plan. Executive Summary, Company Description, Market Analysis, Organization and Management, Service or Product Line, Marketing and Sales, Funding Request, Financial Projections, Marketing and Sales, Funding Request, Financial Projections, an appendix, and How to make your business plan stand out.
Today we are going to talk about Company Description.
Go ahead and subscribe to my channel right now so you can be alerted to when I upload the other training videos that compose a complete business plan. Company Description.
This section of your business plan provides a high level review of the different elements of your business.
This is akin to an extended elevator pitch and can help readers and potential investors quickly understand the goal of your business and its unique proposition.
What to Include in Your Company Description?
Describe the nature of your business and list the marketplace needs that you are trying to satisfy.
Explain how your products and services meet these needs.
List the specific consumers, organizations or buinesses that your company serves or will serve.
Explain the competitive advantages that you believe will make your business a success such as your location, expert personnel, efficient operations, or ability t bring value to your customers.
Next, you'll need to move on to the Market Analysis section of your plan.
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