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Mission Statement

One of the important components of every business plan is the mission statement. A mission statement defines what an organization is why it exists and its reasons for being. Your mission statement should define your primary customers, identify the products or service you produce and describe your geographical location. Mission statement briefly explains the purpose of your business. 
If you want to check the accuracy of your mission statement simply ask yourself if the statement correctly describe what you are doing. The mission statement signals what your business is all about to your customers, employees, suppliers, and the community.
A mission statement defines the approach you want to take to achieve success with your business plan.One of the important components of every business plan is the mission statement. A mission statement defines what an organization is why it exists and its reasons for being. Your mission statement should define your primary customers, identify the products or service you produce and describe your geographical location. Mission statement briefly explains the purpose of your business. 
If you want to check the accuracy of your mission statement simply ask yourself if the statement correctly describe what you are doing. The mission statement signals what your business is all about to your customers, employees, suppliers, and the community.
A mission statement defines the approach you want to take to achieve success with your business plan.

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Steps Before Writing Plan


Before beginning to write a business plan, you should pull together some information you'll need. To get the information first, help you avoid interruptions in the thinking and writing process. You should have on hand:
• Your company’s latest financial reports
• List of all products or services along with your target market
• Your understanding of your marketing place: your competitor's types of your customers, your shareholders and etc.

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Road Map to Success

A business plan is really a road map to success. When your plan is written correctly, that document can not only put you on track to proper growth, but it can also be the perfect way to introduce your business to potential investors. Here is a list of guidelines that will help you craft the right business plan for your organization:

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Components of a Business Plan

Writing the business plan for the success of any new venture is critical. Business plans are key to helping you think through your business and keep you on track. If you write your business for attracting investors, you should make the plan as detailed as possible; because your potential investors might not be as familiar with your industry as you. So you have to clearly explain your concept.
If you’re just developing the plan for yourself, it doesn’t have to be as detailed, but you should outline your goals and the way you want to go to reach them. Your plan should include the following components:
1. Mission statement: explaining what you are trying to create
2. Description of your company and your product or service
3. Market analysis : describe the market you want to enter and your competitors

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15 REASONS YOU NEED A BUSINESS PLAN

planning a crucial part of every business.to attract the investor's attention o need to pay your time and effort on writing a business plan.but aren't there any other reason for business plan writing? the answer is yes.you may find yourself demanding a business plan in several occasions and because of some reasons we are going to bring them all here. 
reasons you need a business plan.
1. Grow your existing business
2. Create a new business
3. Set specific objectives for managers.  
4. Deal with displacement. Displacement
5. Share and explain business objectives with your management team, employees, and new hires
6. Share your strategy, priorities and specific action point with your spouse, partner, or significant other. 
7. Hire new people. 
8. Decide whether or not to rent new space.
9. Seek investment for a business, whether it’s a startup or not. 
10. Back up a business loan application.
11. Develop new business alliances.
12. Decide whether you need new assets, how many, and whether to buy or lease them.
13. Deal with professionals. Share selected highlights or your plans with your attorneys and accountants, and, if this is relevant to you, consultants.
14. Sell your business.
15. Perform a valuation of the business for formal transactions related to divorce, inheritance,
estate planning, or tax issues. 

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Why your business plan does not raise money?

Planning is important but the result has the prior importance. The one who delivers the results is entrepreneur. Entrepreneurs like you can change the world. So why is business plan writing so much important? Why are there thousands of books with title like how to write a business plan? Why do most leading business schools offer courses in which teams of students write business plans for hypothetical or real new ventures? Why are there software packages to automate the business planning process?

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9 tools for generating effective business energy fields

 Effective leaders understand the influence of business plan on making a good energy to make things happen. In their idea energy fields and business plans cannot be separated from each other. A business plan that has an inconsistent story will be toneless and boring. There will be no passion or image of the target.There will not be any team spirit and employees will not work with. They do not feel any urgency to complete the plan. 
Lack of enthusiasm for the written plan will be shown. On the other hand, well-crafted business plans foster all the human power you need for catching your distant goals. Turning people on turns on the business plan 
We are going to describe how to use each of the business plan elements as a tool for creating empowered people. Each element has a unique value to your business plan and the underlying company story. Here are nine critical core elements that help any organization’s ability to create energy fields:
■ Vision Statement (creates passion) 
■ Mission Statement (creates purpose) 
■ Strategic Goals and Objectives (set direction) 
■ Strategies and Tactics (generate action) 
■ Philosophy Statement (creates ethical boundaries) 
■ Focus (creates efficiency)
■ Value Statements (create a scale of importance)
■ Principles (benchmark behavior) 
■ Strategic Intent (signals commitment)

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Get trustworthy data for your business plan

Every plan contains some data. a business plan you are going to write for your new business should attract the investors and make them back your startup.  there is an odd idea that should be recognized by you before starting. The data does not have to be right to be included: it just needs to convince the reader. This does not mean that you should make up proof. You should not lie. However, you can get information from lots of sources and interpret it to suit what you believe to be true.The list below suggests some places where you can get data, in descending order of reliability: 

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6 Steps in writing a winning business plan

To set any new venture or expand an existing one, preparing a business plan has the highest priority.  this plan
must include your short and long term goals for the venture, a description of the products or services you will offer and the market opportunities you have anticipated for them; and finally, an explanation of the resources and means, you will use to achieve your goals despite having to deal with likely competition.Listed below are the steps you should follow in preparing your business plan

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How often should you update your business plan?

Every entrepreneur should know  that business planning is a continuing process  – it is not just something you prepare for the bank manager at the start of the year, and then throw it away and forget all about it Most business plans are updated every year. For most small firms, it is unrealistic to prepare budgets and cash flow forecasts for more than a year ahead, and less than a  year would be too short to generate useful information  . Some firms revise their plans at the half year stage if some major changes are going to happen. Plans need to be monitored periodically  if they are to be of any productive use. Budget outcomes should be compared with forecast figures at least once each month, and then within two weeks of the end of the month. This will enable prompt identification of any major discrepancies or problems which lie on the horizon.

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