Example Of Business Planning

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Blue Mountain Cycle Rentals will offer road and mountain bike rentals in a strategic location directly adjacent to an entrance to the George Washington National Forest.

Our primary strategy is to develop Blue Mountain Cycle Rentals as the most convenient and cost-effective rental alternative for the thousands of visitors who flock to the area each year.

Don't try to "hype" your business--focus on helping a busy reader get a great feel for what you plan to do, how you plan to do it, and how you will succeed.

Think of it as a written elevator pitch (with more detail, of course).

Entrepreneurs are by nature confident, positive, can-do people.

After you objectively evaluate your capital needs, products or services, competition, marketing plans, and potential to make a profit, you'll have a much better grasp on your chances for success.Then work to accomplish your secondary objective by focusing on your readers.Even though you may be creating a business plan solely for your own purposes, at some point you may decide to seek financing or to bring on other investors, so make sure your Summary meets their needs as well.If your concept is too fuzzy, too broad, or too complicated, go back and start again.Most great businesses can be described in several sentences, not several pages.Now that you've got some ideas and inspiration, you can make a unique business plan for your company by communicating your unique vision for your product, your target audience, and your go-to-market strategy.Maybe you think you don't need a step by step guide to writing a great business plan.Instead, see your plan as a no-cost way to explore the viability of your potential business and avoid costly mistakes. If your Summary cannot clearly describe, in one or two pages, how your business will solve a particular problem and make a profit, then it's very possible the opportunity does not exist--or your plan to take advantage of a genuine opportunity is not well developed.So think of it as a snapshot of your business plan.Creating a business plan lets you spot opportunities and challenges without risk.Use your plan to dip your toe in the business water.


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