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The point of a business plan is to help you get your ideas down on paper – so don’t worry about making it fancy or excessively long. You only need a fancy one with an executive summary if you are trying to get funding.So what should one hope to get out of a business plan?
), it’s worth spending some time to think about a business plan.
In this article, we’ll dive into the key elements of an ecommerce business plan, which is very different than writing a traditional business plan.
But no matter how great your idea is, it’s always best to do your homework and craft a solid business plan before you launch.
A business plan maps out your business idea, analysing strengths, weaknesses, your competition and the marketplace.
With time, your business and the marketplace it operates within are bound to change, and the idea is for your business plan to reflect this.
Revisit it annually and update it if there have been any changes to your company, technology, competition or the marketplace that impact your plan.
Now that you know you need a business plan lets jump into the sections you need to think about. Also, there’s an ecommerce Business plan PDF sample and starup costs calculator in the membership area.
Additional References Creating a short, crisp value proposition is a good gauge for how clear your idea is.
Taking the time to write a business plan might seem like a lot of work but it can save you a lot of time and money in the long-run by better preparing you for potential challenges and opportunities that you’ll face as a first time entrepreneur.
When writing a business plan, YOU are your target audience!