Parts Of A Business Plan

business planningA business plan like any other write – up can either be good or bad. As Phil Strazzulla, founder of SelectSoftware , told us with regard to his top tip for how to write a business plan: The most important part of any business plan is listing the key hypothesis that need to be proven for the new venture to work, as well as the tests that will be run to prove or disprove these hypotheses.” Therefore, as your business progresses and can test your sales and marketing hypothesis and as you learn more, you can come back to this section and change or adjust information as necessary.

When you are running a business from home, there is however other considerations that need a business plan to be drawn up. Banks will want to examine the business to determine if the project is viable before they commit to financing a …