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Old 16th December 2008, 02:29 PM   #1
sannwood
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Default Business Plan Tips

It seems everyone's always looking for great tips and advice regarding business plan writing.

Well, we recently conducted an interview with author and business coach Greg Balanko-Dickson on Small Business Trends Radio on the topic of writing a winning business plan.

Greg had some very useful advice to share, especially with regards to the traps that can hinder you at different points in the process, and he approaches this particular topic from a slightly different point of view.

Quote:
Start with the industry ó analysis. Many begin with the executive summary or business description. That should come at the end to summarize the plan. It should not be your starting point. A detailed analysis of the industry is where you need to start.
I think everyone can learn a thing or two from Greg's insights. See if he can help you overcome some of the traps that keep you from writing an awesome business plan.

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Old 15th April 2009, 12:07 PM   #2
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Default Great point

Great point - Thanks! The foundation would be the best place to start! Maybe fewer would summize that there is no competition!

If you read the consultant boards, most people want to start with - someone else doing it. As if:
  • Fancy writing is going to get them investors.
  • Defining and ensuring the validity of the idea isn't an issue.


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Old 21st April 2009, 06:02 AM   #3
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Great tips for small business. Thanks for sharing information.

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Old 21st April 2009, 06:17 AM   #4
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Hey quite useful tips you provided
thanks for sharing

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Old 8th May 2009, 08:50 AM   #5
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Good business plan tips. Thanks for good information sharing.

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Old 11th June 2009, 02:07 AM   #6
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Hey, these tips are great. Thanks for taking the time to transcribe and share this interview.


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Old 18th February 2010, 12:54 PM   #7
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Default More Business Plan Tips

Great post - I definitely agree that starting with an indsutry analysis is a really strong foundation for starting your business plan. It gives you great insight and will allow you to begin constructing your business plan in a way that's suitable for the environment you want to thrive in.

I also agree with Biz Optimizer, many people want to start with someone else writing their business plan, this is a terrible idea. As potential owner, you want to make sure all your thoughts/ideas/strategies are conveyed well to investors in your business plan - which means you need to personally write it!

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Old 19th February 2010, 01:00 AM   #8
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Definitely industry analysis will help in making a proficient business plan. Itís also important to examine the people and their responsibilities related to your business.

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Old 24th February 2010, 06:46 AM   #9
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Writing a business plan is important for every business. It is the key to the business, identifying what you want to do, what you predict your profits to be and sorting out your customer service.


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Old 25th February 2010, 08:30 AM   #10
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I agree with this poit, indeed, proper planning and analysis can give you full picture of this or that sphere, only in this case you may expect some visible results

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