Your business plan is a yahoo

By Migs Bassig on April 9, Yahoo!

Your business plan is a yahoo

Having a great business plan is absolutely, positively the single most important thing you can do to ensure the success of your business.

It is generally more important than raising all the money that you could ever need or even hiring the very best employees that you could possibly find.

It is usually more important than having the first product to market or having the lowest cost structure.

It is generally even more important than having a better product or service than your competitors. Every single thing you do in your business should be guided by your business plan.

So, in essence, if you have a great plan, then the business plan is the business.

What is a Backup Plan?

By having a great plan, you are taking a huge step toward strategizing, positioning, planning, and managing your business well. At best you are running your business by the seat of your pants; at worst you are setting yourself up for unnecessary challenges and disappointments. Sometimes their product or service is different from competitors but not in a way that customers really care about.

A great business plan analyzes key variables such as your target market and your competitors, as well as your strengths and weaknesses, to help you develop, change, or refine your business concept. It helps you challenge yourself to determine whether your concept is viable, and, importantly, if your concept is truly differentiated from your competitors in a way that really matters to customers.

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Good Business Plans Lead to Higher Profits A great business plan pulls together all of the major issues facing your business in a balanced and analytical way.

Creating your plan helps you to decide where to focus your resources and time in ways that will matter the most. Once your business is operating, your business plan gives you a framework, a big picture, for evaluating the day-to-day issues and opportunities that you will encounter. Businesses operating without plans tend to give less thought to how they package, price, and deliver their goods and services.

They tend to operate more by chance and impulse, and less by analysis and deep thought. They also tend to run out of cash or become so cash flow crimped that they must cut back on crucial expenditures that limit their future potential.

But not having a business plan is like not having a rudder or a navigational map. How important is a rudder?

Types of Backup

Bismarck suffered minor damage herself, despite several direct hits. There was fear that Bismarck was invincible and would roam the Atlantic sinking Allied convoys and warships at will.

your business plan is a yahoo

The navy ordered dozens of warships to follow Bismarck, leaving troopship convoys carrying tens of thousands of soldiers totally unprotected from the danger of German submarines.The day satisfaction guarantee applies to new orders. If you are not completely satisfied, you may receive a refund of your Website Builder subscription fee, less the domain registration fee, if included in your plan.

Oct 23,  · The marketing and sales plan section of your business plan details how you plan to reach your target market segments, how you plan on selling to those target markets, what your pricing plan is, and what types of activities and partnerships you need to make your business a success/5().

Oct 23,  · The marketing and sales plan section of your business plan details how you plan to reach your target market segments, how you plan on selling to those target markets, what your pricing plan is, and what types of activities and partnerships you need to make your business a success/5().

Your business plan should include: The Executive Summary. This is a concise one- to four-page summary illustrating the key points that are detailed in each section of the ensuing business plan.

Tip: If your website is going to be for a business, we suggest using a business specific email address for the login ID and not associating your plan with a personal email address. Add, or select the payment method you wish to use, then click Review Order; Review / edit your domain registration information.

Yahoo Small Business services are intended and designed to meet the needs of personal and small business websites. This is why some of our plans offer unlimited disk-space, data transfer or .

what is a Business plan? | Yahoo Answers