Thursday, February 13, 2014
On the Business Path: Internet Business-9
What can you put in your business plan, anything which is tangible and reflect the true nature of your business. Don’t put any lofty goals or goals that are very general like the business will make big revenues or anything which is not specific. Business plan should always present a look for a future and if the goals listed initially are not attainable then you should change the goals immediately. So if you want to start a business where you will sell products, you will need to state that you will need space and other requirements and if it is a purely internet based business then the plan should reflect that. For the outside investors, business plans are closely watched to make sure they are making the right investments. Although nobody knows what the future holds for any company, but these business plans reflect a rough idea of what the owner envisages his business should be going forward. Your business plan will depend upon what you want to do with your business, it will be different for different kinds of Businesses and you cannot make a general business plan for all the businesses. If you want to sell products through your website, it will be different than if you want to be purely internet based business without any need for physical space. So let's start with if you want to have a business where you would be able to sell products made by different manufacturers as I believe this is one of the easiest (selling wise) to start with.