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What makes a business plan worthwhile?

Postby Treborika » 03 Apr 2023, 06:50

Did you created a business plan for your business? What do you think can make the business plan a worthwhile?
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Re: What makes a business plan worthwhile?

Postby Emmaojo » 03 Apr 2023, 07:24

The analysis in your business plan makes it worthwhile. We have four analysis in business plan called SWOT ( strength, weakness, opportunity and threat). You need to analyze the strength of the business in terms of resources and environment benefit.
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Re: What makes a business plan worthwhile?

Postby sweerie_banana » 03 Apr 2023, 07:27

A good business plan must illustrate the strategies, goals, and tactics for your business that you have in mind. It is a well-researched document, including the target market, competition, marketing and sales plans, financial projections, and management team.

A good business plan should demonstrate a clear understanding of the market and the competitive landscape, as well as the business's unique value proposition. It should also address potential risks and challenges and have a realistic plan.

Additionally, a worthwhile business plan should be actionable, providing specific, measurable, and achievable goals and strategies for achieving those goals. It should also include a clear roadmap for implementation and a plan for measuring progress and adjusting courses as necessary. It should be supported by reliable data and research.
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Re: What makes a business plan worthwhile?

Postby Tendz » 03 Apr 2023, 08:12

Your business plan should set out your company's aim and objective. This will help in planning and ensuring that everyone involved knows what you're trying to achieve. And, you need to provide an analysis of your market and industry. An examination of your competitors is also included.
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Re: What makes a business plan worthwhile?

Postby Emmaojo » 04 Apr 2023, 14:57

Business plan should touch both monetary and non monetary value of a business. It should analyze the technical way of achieving financial and non financial aspect.
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Re: What makes a business plan worthwhile?

Postby Mika » 14 Apr 2023, 01:48

A business plan is considered worthwhile only when it becomes successful. All successful businesses are considered to have a worthwhile business plan.
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Re: What makes a business plan worthwhile?

Postby augusta » 14 Apr 2023, 03:16

The is that successful businesses are deem to have a worthwhile business plan. so have a good business idea and push it to success
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Re: What makes a business plan worthwhile?

Postby Nsikan » 15 Apr 2023, 06:40

business plan must be able to outline proposed progression in a business from basic to advanced.
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Re: What makes a business plan worthwhile?

Postby Inem » 16 Apr 2023, 15:14

It take goals and vision behind a business plan to make it worthwhile. If a goal is not achieved, re-strategize and discipline yourself, that way your business plan can be worthwhile
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Re: What makes a business plan worthwhile?

Postby augusta » 16 Apr 2023, 19:32

it is a business plan with a good outcome you can see it working even when you just starting out
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Re: What makes a business plan worthwhile?

Postby Emmaojo » 18 Apr 2023, 06:45

When you have many customers that always want your products and use it for something important.
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Re: What makes a business plan worthwhile?

Postby Nsikan » 18 Apr 2023, 06:46

A business plan is worthwhile when the entrepreneur includes detailed financial protections.
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Re: What makes a business plan worthwhile?

Postby augusta » 18 Apr 2023, 10:31

Emmaojo wrote:When you have many customers that always want your products and use it for something important.


You need to give them value for their money all the time and this might show your business idea is legit
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Re: What makes a business plan worthwhile?

Postby raaman » 18 Apr 2023, 14:22

Treborika wrote:What do you think can make the business plan a worthwhile?

Whatever business plan made should be such that it is easy to implement in stages.
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Re: What makes a business plan worthwhile?

Postby crestcapital » 19 Apr 2023, 00:06

A business plan is worthwhile if it is result-oriented.
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Re: What makes a business plan worthwhile?

Postby Reedex » 19 Apr 2023, 00:23

A business plan would be worthwhile if it considered a better business location
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Re: What makes a business plan worthwhile?

Postby augusta » 19 Apr 2023, 09:28

A business plan will be worthwhile and might not fail if it has a professional touch to help it succeeds as it should
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Re: What makes a business plan worthwhile?

Postby crestcapital » 24 Apr 2023, 07:59

augusta wrote:A business plan will be worthwhile and might not fail if it has a professional touch to help it succeeds as it should

If a business plan is productive, it is regarded as being worthwhile.
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Re: What makes a business plan worthwhile?

Postby Abdulhamid001 » 06 May 2023, 14:08

A business plan is worthwhile if it is realistic and also if there are process to be taken to get to the final goal
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Re: What makes a business plan worthwhile?

Postby Nsikan » 06 Jul 2023, 06:48

Abdulhamid001 wrote:A business plan is worthwhile if it is realistic and also if there are process to be taken to get to the final goal
Some people just go about propounding unworkable theories in the name of a business plan. It must be something that can be practicalized on ground.
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