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How to write the financial section of a business plan?
If it's a new product or a new line of business, you have to make an educated guess. The best way to do that, Berry says, is to look at past results. Create an expenses budget. You're going to need to understand how much it's going to cost you to actually make the sales you have forecast.
Is the business plan for a startup a business plan?
The business plan for a startup is sometimes called a startup plan, but some people think all business plans are for startups, and that only startups use business plans. That’s not the case, as planning should be part of business management.
What should be included in a great business plan?
In an article from the Harvard Business Review, HBS Professor William Sahlman suggests that a great business plan is one that focuses on a series of questions relating to the four factors critical to the success of every new venture: the people, the opportunity, the context, and the possibilities for both risk and reward.
How to write a great business plan-HBS working knowledge?
Based on an article "How to Write a Great Business Plan" by William A. Sahlman in the Harvard Business Review, July-August 1997. The Opportunity of a Lifetimeor Is It? Who is the new venture's customer? How does the customer make decisions about buying this product or service?
Last Update: Oct 2021
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