When coaching business entrepreneurs on a Niche Business Plan, we discuss the:
Five important tips before you start in preparing your Business Plan!
1. Your business plan will tell a compelling story about your ideas for your business, explaining who, what, when, where, how and why.
a. Ex: Who – pet owners – this is who you will be marketing to;
b. What – grooming – this is your product/service and what are your (and your competition’s) strengths and weaknesses;
c. When – availability and when do you expect to start earning money;
d. Where – Santa Ana, CA and where your clients are and where your competition is located;
e. How – mobile – and how is your market research being done and how can you overcome obstacles; how does your product/service compare with your competition; Read more