In this section, provide a detailed description of your business. A good question to ask is: "Is my business?" To answer this question include products, markets and services as well as a detailed explanation about what makes your business unique. Remember, however, that when you develop your business plan, you may need to change or revise your initial questions.Sections describe the company divided into three main sections.
Part 1 is really describe your business
Part 2, products or services offered, and
Part 3 of your business, and why this location is required (if you have a franchise, the franchisor assist in the selection of several locations)
When explaining your business, you generally need to explain:
1. Law - Business forms: ownership, partnership, corporate. You need a license or authorization.
2. Type of activity: manufacture of merchandising, or service.
3. Whatever your product or service.
4. Does the new business, independent of acquisition, expansion or franchise?
5. Why your business will be profitable. What an opportunity for growth? It franchising impact on growth opportunities?
6. When your business will be open (days, hours)?
7. What we have learned about your type of business from outside sources (trade suppliers, bankers, other franchise owners, franchises, publishing).
A cover of haste. This includes names, addresses and telephone numbers and names of all directors. In the description of your business, describe the unique aspects and how or what would be attractive to customers. Emphasize the special features you feel will appeal to customers and explain how and why the features are interesting.
Description of your business should clearly identify goals and objectives and should explain why you, or why he wants to be in business.
Products / Services
Try to explain the benefits of products and services from the perspective of their customers. Successful business owners know or at least have an idea of what their customers want or expect from them. Type expects to assist in building customer satisfaction and loyalty. And certainly a good strategy to beat the competition or maintain their competitiveness. Explain:
1. What you are selling.
2. How does your product or service will benefit customers.
3. What products and services in demand, and if there will be cash flow.
4. What is different about your product or service offering company.
Location
Location of your business can play an important role in the success or failure. The location should be established with their clients, must be accessible and should provide a sense of security. Consider these questions when dealing with a part of your business plan:
1. What are your location needs?
2. What kind of room do you need?
3. Why the district is required? building required?
4. What is it easily accessible? Is public transportation available? Is there adequate street lighting?
5. If shifting markets or demographics shift occurred?
Probably a good idea to make a list of questions that identify when developing your business plan. Categorize your questions and to answer questions, to remove from your list.
1. Law - Business forms: ownership, partnership, corporate. You need a license or authorization.
2. Type of activity: manufacture of merchandising, or service.
3. Whatever your product or service.
4. Does the new business, independent of acquisition, expansion or franchise?
5. Why your business will be profitable. What an opportunity for growth? It franchising impact on growth opportunities?
6. When your business will be open (days, hours)?
7. What we have learned about your type of business from outside sources (trade suppliers, bankers, other franchise owners, franchises, publishing).
A cover of haste. This includes names, addresses and telephone numbers and names of all directors. In the description of your business, describe the unique aspects and how or what would be attractive to customers. Emphasize the special features you feel will appeal to customers and explain how and why the features are interesting.
Description of your business should clearly identify goals and objectives and should explain why you, or why he wants to be in business.
Products / Services
Try to explain the benefits of products and services from the perspective of their customers. Successful business owners know or at least have an idea of what their customers want or expect from them. Type expects to assist in building customer satisfaction and loyalty. And certainly a good strategy to beat the competition or maintain their competitiveness. Explain:
1. What you are selling.
2. How does your product or service will benefit customers.
3. What products and services in demand, and if there will be cash flow.
4. What is different about your product or service offering company.
Location
Location of your business can play an important role in the success or failure. The location should be established with their clients, must be accessible and should provide a sense of security. Consider these questions when dealing with a part of your business plan:
1. What are your location needs?
2. What kind of room do you need?
3. Why the district is required? building required?
4. What is it easily accessible? Is public transportation available? Is there adequate street lighting?
5. If shifting markets or demographics shift occurred?
Probably a good idea to make a list of questions that identify when developing your business plan. Categorize your questions and to answer questions, to remove from your list.
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