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As a matter of the fact, a mission statement should explain a company’s purpose in one compelling sentence.Consider spending twice as much time researching to determine your mission because investors want to make sure that your business is going to make them money.It often makes sense to begin rather basic, and then add more details as you prepare to approach investors. Here are seven basic questions that you should include, from the most basic to the most sophisticated, before starting a new business.
Below are some of the questions you need to answer in a business plan.
Do you have a clear idea of the type of people who will buy your product or service?
Put your focus on the strengths you have in the company instead as well as your weaknesses – and learn how to work with both.4) Are you being realistic enough?
You can’t set a business plan around some random date next year that you decided will be the day your business makes its millions and goes public on.
My Corporation provides start-up bundles that include corporation and LLC formation, registered agent, DBA, and trademark and copyright filing services.
With her extensive experience in the field of corporate and intellectual property law, Deborah provides insightful commentary on who should consider incorporation and trademark registration and has been involved in the formation of hundreds of thousands of businesses with My Corporation’s customers.
It’s easy to get scattered whenever you start writing up a business plan outline.
Maybe this is your first crack at it and you aren’t sure which way to begin so you start writing about your business and everything you have to offer.
This is a good thing trust me – it gives you space to breathe!
And every growing business needs a touch of that no matter how established it is.————————————————————————————–Deborah Sweeney is the CEO of My Corporation.com, the leader in online filing services for entrepreneurs and businesses.