Writing A Business Plan, Think of a business plan as your road chart to success: It allows you formulate the finest route for your enterprise to take. "Research is one of the large value-adds of writing a new business plan, " Ferriolo said. "Research forces firms to learn what they can get to make in addition to what the industry styles are. Where has the industry been the previous five years, and wherever is it going?
In case you're looking at getting another Kinkos, for instance, the research would state maybe you can stay in the industry, but strategy it from a different perspective. Writing A Business Plan, " If the research indicates your idea is viable, the specific structure of your plan depends on the goods or services you offer, how much funding a person need and your objectives.