How To Write a Business PlanWritten by John Mussi
This is a simple but effective guide on how to write a business plan. The following outline of a typical business plan will give you an insight into what is generally required. You can vary it to suit your specific business profile. Breaking down plan into several components helps make drafting it a more manageable task. A business plan can be broken down into four parts: Introduction Marketing Financial Management Operations Outlined below are four basic segments that go to form a typical business plan: Introduction: Give a detailed description of business and its goals. Discuss ownership of business and legal structure. List skills and experience you bring to business. Discuss advantages you and your business have over your competitors. Marketing: Discuss products or services offered. Identify customer demand for your product or service. Identify your market, its size and locations. Explain how your product or service will be advertised and marketed. Explain pricing strategy.
| | Shopping For a FranchiseWritten by John Mussi
Shopping for a franchise is easy if you know what you are doing. You can choose between radio adverts, newspaper adverts, personal recommendation, Internet, or visit a franchise exhibition. Attending a franchise exhibition allows you to view and compare a variety of franchise possibilities. Keep in mind that exhibitors primarily want to sell their franchise systems. Before you attend, research what type of franchise best suits your investment limitations, experience, and goals. Do not be pushed into making a rash decision. Here are some useful tips for you to consider in helping you decide which franchise is best for you: Investment Capital: An exhibitor may tell you how much you can afford to invest or that you can't afford to pass up this opportunity. Before beginning to explore investment options, consider amount you feel comfortable investing and maximum amount you can afford. Right Franchise: An exhibitor may attempt to convince you that an opportunity is perfect for you. Only you can make that determination. Consider industry that interests you before selecting a specific franchise system. If industry does not appeal to you or you are not suited to work in that industry, do not allow an exhibitor to convince you otherwise. Compare Deals: Visit several franchise exhibitors engaged in type of industry that appeals to you. Listen to exhibitors' presentations and discussions with other interested consumers. Exhibitors may offer you prizes, free samples, or free dinners if you attend a promotional meeting later that day to discuss franchise in greater detail. Do not feel compelled to attend. Rather, consider these meetings as one way to acquire more information and to ask additional questions. Be prepared to walk away from any promotion if franchise does not suit your needs.
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