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Elements of a Business Plan
Elements of a Business Plan - Trends
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A business plan is a written document used to describe a proposed venture or idea. It typically includes the current state of a business, future vision for the business, target market analysis and challenges, sales and marketing strategies, and funding requirements to reach stated goals. Many business plans are designed with the intention of securing funding and investors to support a proposed idea; others are designed to assist with reorganization, takeovers, or to serve as an internal planning document. On its website, the U.S. Small Business Administration (SBA)( http://www.sba.gov ) ...
The importance of a comprehensive business plan for any new business cannot be overlooked, and this importance increases exponentially for a business as complex as a pharmaceutical business. A business plan serves not only as a roadmap for the management team, but also as a complete blueprint of what the business will accomplish. This document is necessary if you want to entice potential investors to put money in your new venture. Critical elements of any business plan include a description of your target market including size, demographics, and current needs. Your product needs to be ... Read More
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