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Creating a Perfect Business Plan

Submitted by Motown Terri from blog

Oct 22, 2009

Summary

Author : Naz Daud

A business plan is essential if you want to be a successful entrepreneur It lays down clearly what your business is all about, the products and services it provides, the profit margins, pricing plans and the type of customers you are seeking Banks and investors will all need to see your business plan before they offer you any funds

Once you have found a decent business idea that you think has some merit then it is time to put on your thinking hats and do some careful research

Here are some basic questions you need to ask in the beginning:

Business Name

Is the name available?

Does your business name clearly reflect what you do?

How would it work within a website?

Is the domain name available?

Is it easy to pronounce and spell?

Is it memorable?

When creating a business name, it is important that you take all the above factors into account You will spend a lot of time and effort in promoting it so therefore it must reflect your business, be easy on the tongue and simple to market

Location, Location and Location

Where are you going t ...Read the full article

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