Q&A for How to Write a Business Plan for a Small Business

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What is a business plan good for?

Helena Ronis
Business Advisor
Helena Ronis is Co-founder and CEO of AllFactors, a unified web analytics software to drive company's marketing and business growth. She has worked in product and marketing in the tech industry for over 8 years, and studied Digital Marketing & Analytics at the MIT Sloan School of Management Executive Program.

Helena Ronis

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Expert Answer

Your business plan typically maps out what the goals for your business are while explaining how you will reach your goals. It's a useful document if you're looking for a loan at a bank, but it's also a great way to prove that you're serious about your business when you're meeting with potential investors.

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Question

How do I open a new business?

Michael R. Lewis
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Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin.

Michael R. Lewis

Business Advisor

Expert Answer

Review wikiHow's How to Open a Small Business .

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Question

What is a marketing business plan sample for a boutique and fashion store?

Michael R. Lewis
Business Advisor
Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin.

Michael R. Lewis

Business Advisor

Expert Answer

Review wikiHow's How to Write a Marketing Plan and How to Open a Boutique .

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Question

How can one startup a business plan?

Community Answer

You can start with something small. Business cards, website, or anything that will alert people about your company. You can even post flyers at your local church or grocery store.

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Question

How do I make a business plan for hardware?

Community Answer

Follow the steps in this article but craft it to make it specific to hardware.

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Question

Do I need to register my business no matter how small it is?

Ravenwolf123

Community Answer

Yes, you will need to get your business registered, no matter the size. Your business will need to be registered because it will need to be up-to-code and completely legal.

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Can a business be run successfully if it's not registered?

Community Answer

No. A business must be registered to make sure that it is legal and a viable choice for investors and customers.

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Question

Where does a tech company start? I need money for servers to run the service, but I need the service to earn money.

Community Answer

If you don't have your own starter money or ways to create the income, the next best thing would be to find some investors and people willing to lend you money to start your business. A good solid foundation and business plan showing them how you will become successful could help in getting that revenue..

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