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Saturday 11 June 2011

Writing a Business Plan

One of the most important things you can do for your business, new or existing, is to write a business plan. Businesses have different reasons to write a business plan but the process of creating a business plan will only help the business become successful.
Before beginning to write a business plan, research your market and gather current industry data. Retailers will find a variety of official statistics for the industry, general demographic information, polls, trends, and other retail analysis online.

Sample Business Plans & Software

A business plan for a retail store can be a complex multi-page document created using special software or it can be a page torn from a notebook. Whatever format is used, be sure to include the essential parts of a retail business plan. If you're having trouble writing a business plan or need help creating a format, download a free business plan template, get sample business plans, or use a business plan outline to get started writing your business plan.
There are various business plan software packages on the market today. Most of the business plan programs provide document templates, free sample plans and advice for writing a business plan. Before investing time and money in a software package, find out what you need to know before you buy business plan software.

Recommended Reading

Many business planning books have been written on starting a business and the necessity of writing an effective business plan. Some books have forms and outlines, others include sample business plans to review. Many of the business planning books feature step-by-step guides on content, presentation and execution of a business plan.
Once you have finished writing a business plan for your new venture, have a friend or family member look it over. Any feedback you may receive will help you polish certain sections that may need attention. If you will be submitting your business plan to lenders, consider having it professionally printed and bound.
http://retail.about.com/od/freesamplebusinessplans/a/writing_a_plan.htm

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