Lili & Henry are taking a little break this week from their Retail: Brick by Brick column, but will resume as normal next week continuing on with the Business Plan challenge!
In the meantime, I thought it'd be good to catch up on what they've covered so far. I'll probably use this page as a resource page later to include links to all the articles so you can find them anytime you're ready to get started on a business plan of your own!
-> Business Plan Challenge Intro: Why do you need a business plan in the first place?
-> Market Research: Figuring out who is your competition? How does your product compare? Who is your target market?
-> Business Concept: What is your business all about? Why is it unique? What industry does your business operate in? Where do you see your business heading in the future? What are your goals for it?
-> Marketing and Sales, part 1: How are you going to attract customers to your business? And how are you going to close the sale?
-> Marketing and Sales, part 2: How will you advertise and promote your business? How will you handle sales (your payment & delivery method, customer service policies, etc)?
-> Operations: The day-to-day details of running your business: What legal form will it take? How will you keep records? What are your production methods and costs? Do you plan on hiring employees in the future?
-> Financials, Part 1: Your cash flow statement: How do you estimate expenses and forecast sales?
Financials Part 2 coming up next week! Stay tuned! And I'll be here tomorrow with some weekly Friday encouragement. :)
