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Thread: How do I write a business plan for online business?

  1. #1
    Join Date
    Jul 2012
    Posts
    1

    How do I write a business plan for online business?

    I need to write a business plan for DVR (division of vocational rehabilitation). The business I want
    to start is a online business, so how I need know how go about writing business plan for online business.

  2. #2
    Join Date
    Jun 2013
    Posts
    6
    To write Business plan for online business write fallowing points.
    Executive Summary
    Introduction
    The Company
    The Services
    The Market
    Financial Considerations

  3. #3
    Join Date
    Sep 2013
    Location
    mumbai
    Posts
    16
    You need to knowdge about market.
    Then you create your best plan of business.

  4. #4
    Join Date
    Sep 2013
    Location
    mumbai
    Posts
    16
    You need to knowdge about market.
    Then you create your best plan of business.

  5. #5
    Join Date
    Nov 2013
    Posts
    1
    This post really opened my eyes. it is not only eye opening rather very beneficial for the people those who want to do something good in his life.



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    Last edited by Arabelle22; 08-26-2014 at 07:02 AM.

  6. #6
    Join Date
    May 2013
    Posts
    84
    First of all do online competitive analysis & then do SWOT analysis. After this move ahead with implementation ideas.

  7. #7
    Join Date
    Dec 2013
    Posts
    1
    Great idea.

  8. #8
    Join Date
    Oct 2011
    Location
    In your heart
    Posts
    20
    Business plan is a essential part of any business. It provides road map to success.

    First write executive summery of your company then company description. After two of these, analyze your business market. The next step is your organization structure, so define it wisely. After developing your business/organization structure, let people know what you sell i.e. product / service and what are its benefits. Give a strong and comprehensive marketing and sale plan with guidelines how to get goals.

    For all of these, you needs.Make a plan, how to get funds for running a business without cash problems. Give financial projections to your bank / investors that how you will generate cash and utilize it for future..

  9. #9
    Join Date
    Jan 2014
    Location
    Moncton New Brunswick
    Posts
    1
    A business plan can be complex for the first time preparer
    Recommend you search for business planning software which should provide a free trial version
    They often have various templates which greatly expedite the process
    You can always call your accountant for help as well

  10. #10
    Join Date
    Jan 2014
    Location
    United States
    Posts
    4
    If you're starting a business, you're absolutely correct to write a business plan. The first question is:
    Are you writing the plan because you're going to need financing and will be approaching a bank?

    If the answer is yes, your plan will need to be more formal in it's layout and design.
    If no, you'll still need a plan but it will be mainly for your own information.

    It sounds like you already know what your business will be, so the first step is writing a summary of it. What is it? What will you be selling, What is the nature of your customers?

    You'll also need to do market research. Are there other companies in your field? What do they sell? Prices? What is the market for your product? Why? How did you come up with these figures?

    Next, you'll need to know how you'll be gaining customers. How will you be advertising? If you're online, where will you be advertising? What is the cost? What response rate can you estimate based on sound industry figures?

    Next, you'll need a forecasted profit and loss statement. What are your start-up costs? Expenses? Income? Profit? Forecast this over the short term (1 year) and long term (5 years).

    If you're writing your plan to present to a bank or other financing entity, you need to be thorough, convincing, and sure of yourself. "I know this will work, and this is why!"

    These are the basics.
    I've been in business for myself for over 20 years and I'm well aware of what it takes.
    Congratulations.
    If you want more information, visit my website: The Website Warrior http://www.businessplanguru.com
    This page and site has lots of information you may find helpful.

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