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Your Business Profile: Define and describe your intended business and exactly how you plan to go about it.Try to stay focused on the specialized market you intend to serve.
Since the My Own Business Institute (MOBI) course is broken down into 15 of the most important topics to consider in starting or operating a business, your business plan can easily be organized into this same format.
The People: By far, the most important ingredient for your success will be yourself.
Focus on how your prior experiences will be applicable to your new business.
Too often, long-range planning becomes meaningless because the reality of your business can be different from your initial concept. In fact, to offset optimism, be extremely conservative in predicting capital requirements, timelines, sales and profits.
Few business plans correctly anticipate how much money and time will be required.