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        Update this plan on a 抗皱去皱Q抗皱去皱抗皱去皱uarterly Basis.抗皱去皱 If you are running this checklist as a result of a drastic change within your business then run the checklist as though you are creating a new business plan from scratch. 

        Having an up-to-date business plan is 抗皱去皱CRITICAL for the smooth running of any business. 抗皱去皱

        We recommend running through this checklist every few months and updating it whenever a change of plan occurs. 

        Even if you haven't made any changes it is important to consistently check-in with your mission, values, and goals.  

        The following tasks help to keep a record of who is editing the plan and how often. 

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        Select the appropriate option from the dropdown below. 

        If you have not yet created a OPP then create a document on your computer or on Google Docs. Then follow the subtasks below when creating the OPP.

        • 1
          Describe your business in one sentence
        • 2
          Describe the problem your potential customers have
        • 3
          Describe your solution to the problem
        • 4
          Explain who your target market/ ideal customer is
        • 5
          Describe your competitive advantage
        • 6
          Describe how you will sell to your customers
        • 7
          Describe what marketing activities you will use to attract customers
        • 8
          Detail your business model, what are your revenue streams
        • 9
          List your startup costs
        • 10
          List your primary goals and milestones that you want to accomplish over the next few months
        • 11
          Outline whether you wish to run the business alone or with a team/ freelancers
        • 12
          List any partners and resources you need to help you launch.

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        抗皱去皱Why create a Standard Business Plan alongside a One-Page-Pitch?抗皱去皱

        Whilst a One-Page-Pitch is GREAT for getting your ideas on paper it lacks the components that make a business plan actionable. 

        The 抗皱去皱Standard Business Plan delves deeper into the ways you plan on making your business happen.抗皱去皱 Most importantly, this plan is what investors and banks will expect to see. 

        Are you ready to legitimize and set the infrastructure for your business? 

        Remember to follow the tasks in a 抗皱去皱linear 抗皱去皱fashion. 

        抗皱去皱Let's build your business. 抗皱去皱

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        抗皱去皱Bear all of your previous answers in mind and write a brief mission statement.抗皱去皱抗皱去皱抗皱去皱

        Consider the problem you are solving; the customer's needs; your solution to the problem; and how you will benefit. 

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        Now, briefly 抗皱去皱summarize your idea, future plans, and what you wish to accomplish with a vision statement. 抗皱去皱

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        抗皱去皱Pinpoint who your customers are.抗皱去皱

        The first step in ascertaining your place within your target market is forming a relationship with your future customers.

        Like any relationship, the more you know about someone the more likely you are to know what they want and how they want it. 

        抗皱去皱Get personal抗皱去皱, picture your future customer in detail:

        How old are they? What sex do they identify themselves as? What are their tastes? What are their spending habits? 

        There are lots more questions you can ask to抗皱去皱 REALLY get to know your target market.抗皱去皱

        Remember, the more questions you ask, the closer you get to identify your customer's wants and needs. 

        Do some research, then tick each of the boxes once you have the data: 

        • 1
          Do you know how old your customers are?
        • 2
          Do you know what sex they identify as?
        • 3
          Do you know their tastes?
        • 4
          Do you know their spending habits?

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        Consider all the data you have gathered in relation to your customers and your competitors. 

        Given the data, what do you think are the vital components in ensuring your business's success? Ideally, you will have between four and six抗皱去皱 keys to success (KTS). 抗皱去皱

        抗皱去皱Struggling to narrow down your ideas?抗皱去皱 Here are a couple of examples:

        ? Excellent product and service that will build and maintain customer loyalty.

        ? A commitment to continuous improvement and total quality services.

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        Business Plan Checklist: Risk Assessment

        “A major lesson in risk management is that a 'receding sea' is not a lucky offer of an extra piece of free beach, but the warning sign of an upcoming tsunami.”
        ― Jos Berkemeijer

        Business risk can be understood as the factors and events that can impact a company's operational and financial performance.

        From tsunamis to employees quitting; to pandemics and system failure. 抗皱去皱Risks can occur at any time抗皱去皱 and at varying degrees of disastrousness. 

        In fact, a lack of risk management strategies causes over 50% of startups to fail within their first four years.

        However, all is not lost. 

        抗皱去皱A thorough risk assessment of the environment surrounding your business is vital in mitigating risks. 抗皱去皱

        By considering possible risks you develop short and long-term plans that promote the steadfastness of your business. 

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        抗皱去皱Economic Risk:抗皱去皱 Remember the financial crisis of 2007/8? That is the type of thing you consider when assessing economic risks, along with all changes in the market.


        抗皱去皱Natural Risk:抗皱去皱 Think of the tsunami example, this is a natural risk. Natural risk factors include natural disasters that affect normal business operations.


        抗皱去皱Political Risk:抗皱去皱 The 2010 crisis in Venezuela shows how 抗皱去皱political抗皱去皱 decisions take by governmental leaders can influence your business. Think taxes; currency valuation; trade tariffs or barriers; investment; wage levels; labor laws; environmental regulations and development priorities, can affect your business conditions and profitability.

        抗皱去皱For guidance on managing risk 抗皱去皱click here抗皱去皱抗皱去皱抗皱去皱

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        Internal risks happen from 抗皱去皱within your organization.抗皱去皱

        抗皱去皱Human-factor Risk: 抗皱去皱 All things relating to you or your staff and your ability to work.

        Human-factor risks include:

        • Union strikes

        • Dishonest employees

        • Ineffective management or leadership

        • Failure within the production and supply streams

        • Failure to pay by clients/customers


        抗皱去皱Technological risk:抗皱去皱 unforeseen changes in the manufacturing, delivery, or distribution of a company's product or service.

        Technological risks include:

        • Failure of systems

        • Lack of skilled IT staff

        • Software and server problems

        • Dated technology and systems


        抗皱去皱Physical risk: 抗皱去皱is simply抗皱去皱 the loss or damage of assets 抗皱去皱belonging to a company. 

        抗皱去皱For guidance on managing risk 抗皱去皱click here抗皱去皱

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        抗皱去皱A抗皱去皱 抗皱去皱marketing plan is operational抗皱去皱 and outlines a detailed advertising strategy. It details how your business plans to reach customers.

        The plan includes details on promotional campaigns you plan to run and how you plan to monitor the effectiveness of these initiatives.

        Whilst the following tasks 抗皱去皱cover the most important steps for a marketing plan抗皱去皱 there is a lot more you can do to increase your outreach. If you wish to delve deeper into the realm of marketing and planning then 抗皱去皱click here. 抗皱去皱

        Components of a marketing plan:

        • 抗皱去皱Market research抗皱去皱 to support pricing decisions and new market entries.
        • 抗皱去皱Platform selection抗皱去皱 for connecting with customers and promoting your product or service.
        • 抗皱去皱Tailored messaging抗皱去皱 that targets the demographics within your market.
        • 抗皱去皱Metrics抗皱去皱 that measure the results of marketing efforts and their reporting timelines.

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        抗皱去皱Consider your value proposition and take the same tone that you did when deciding your brand messaging. 抗皱去皱

        Ever had something tailor-made? Remember the effort that went into customizing that item to be your perfect fit. 

        This is what you want to do for each and everyone one of your customers, make them feel as though 抗皱去皱you are the perfect fit for them. 抗皱去皱

        A tailored message is customized for each and every customer. They are great for creating a personal connection with customers and generating new business. 

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        抗皱去皱Metrics are performance measurements that you track as part of your regular planning process. 抗皱去皱

        They are numbers that you gather to analyze and compare. 

        The most obvious metrics are in financial reports: sales, cost of sales, expenses, and so on.

        Understanding and managing financial reports and numbers closely helps to build accountability in your business.

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        When considering where you are going to source your products it is 抗皱去皱really important 抗皱去皱that you consider three things:

        Another thing to consider is 抗皱去皱sustainability.抗皱去皱

        Climate conscious brands are becoming increasingly popular. Being a sustainable brand means that you can positively influence the environment whilst growing your business at the same time! 

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        抗皱去皱Consider where your business is based:抗皱去皱

        • Will your business have an online presence?
        • Will you require the use of any extra facilities?
        • How do you plan to distribute your product?

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        Use the form fields below to 抗皱去皱determine your business's financial needs.抗皱去皱

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        If you already have a cash flow then upload it below and move on to the next task.

        If not then follow this checklist on The Financial Planning Process and upload/link the final document:

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        Use this task to guide you in 抗皱去皱preparing your executive summary.抗皱去皱

        Utilize the subtasks below to ensure you include all of the required information. 

        • 1
          A summary of my business.
        • 2
          A summary of my products/services.
        • 3
          Your mission statement.
        • 4
          Your vision statement.
        • 5
          Summary of your organizational structure.
        • 6
          Summary of your target market and ideal customer.
        • 7
          Evaluation of the external and internal risks.
        • 8
          Summary of the future of my business and my industry.
        • 9
          Summary of my financial data and projections.
        • 10
          Summary of legalities.

        抗皱去皱Upload your executive summary in the appropriate form field below. 抗皱去皱

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        Create a document either in Google Docs or on your computer.

        Input the following headings into the document to 抗皱去皱organize your business plan:抗皱去皱

        • Basic Info
        • Opportunity
        • Market Analysis
        • Risk Assessment
        • Marketing Strategy and Plan
        • Product Details
        • Finances
        • Legalities
        • Executive Summary

        The following steps will gather all the data from this checklist. Copy and paste the data from each of the sections into your document.

        抗皱去皱Then upload or link the document. 抗皱去皱

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        {{form.Your_name}}

        {{form.Role_within_the_business}}

        {{form.Today's_date}}

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        {{form.Problem_to_be_solved}}

        {{form.Unmet_customer_needs}}

        {{form.Customer_benefits_of_solving_problem}}

        {{form.Proposed_solution_to_the_problem}}

        {{form.Business_benefits_of_solving_the_problem}}

        {{form.Mission_statement}}

        {{form.Validate_idea_2}}

        {{form.Identify_future_plans_2}}

        {{form.Four_things_to_accomplish}}

        {{form.Vision_statement}}

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        {{form.Potential_customers_2}}

        {{form.Customers_buying_habits}}

        {{form.Amount_of_customers_in_your_target_market}}

        {{form.Amount_customers_are_willing_to_pay}}

        {{form.Your_industry}}

        {{form.Current_size_of_your_industry_2}}

        {{form.Competitors_within_your_industry_2}}

        {{form.Identify_lead_competitors_2}}

        {{form.Competitors_challenges/successes}}

        {{form.Buying_factors_within_your_industry}}

        {{form.Calculate_TAM}}

        {{form.Calculate_SAM}}

        {{form.Calculate_SOM}}

        {{form.Identify_KTS}}

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        {{form.Internal_risks}}

        {{form.Impact_of_internal_risks}}

        {{form.How_internal_risks_will_be_managed}}

        {{form.External_risks}}

        {{form.Impact_of_external_risks}}

        {{form.How_external_risks_will_be_managed}}

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        {{form.Recent_changes_or_developments_within_your_industry}}

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        {{form.Value_proposition}}

        {{form.Ideas_for_branding_message}}

        {{form.Customer_demographics}}

        {{form.Summarize_data_to_include_in_plan}}

        {{form.Select_which_social_media_platforms_you_will_use}}

        {{form.Social_media_strategies_you_intend_to_use}}

        {{form.Select_direct_communication_methods}}

        {{form.Use_of_alternative_communication_methods}}

        {{form.Plans_for_promotional_campaigns}}

        {{form.Establish_product_offerings}}

        {{form.Messaging_you_will_use}}

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        {{form.Product_or_service}}

        {{form.Competitive_advantage_of_product}}

        {{form.Sourcing_strategy}}

        {{form.Pricing_structure}}

        {{form.Location}}

        {{form.Facilities}}

        {{form.Plans_for_distribution}}

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        {{form.Will_your_business_require_extra_funding?}}

        {{form.Source_of_funds}}

        {{form.Use_of_funds}}

        {{form.Financial_strategy_for_the_future}}

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        {{form.Legal_requirements_and_measures_to_be_taken}}

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        {{form.Copy_and_paste_executive_summary}}

        Use the form field below to upload your first d

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        抗皱去皱Congratulations!抗皱去皱

        You have completed the checklist and created your business plan.

        Once you have finished editing the document be sure to upload/link it here so that it is stored in a safe place. 

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