Friday, March 7, 2014

EQ 4--What do you think goes in a business plan? What are the parts? Is research involved? What facts do you need to know, if any? Where could you find this information?

I think a competent and successful business plan has many parts. I believe it has to have long and short term goals, a well thought out idea and plenty of research to back it up, you must be patient and plan for obstacles and setbacks, and a thought out process and back up plans to help you achieve your goals. You need to know the facts and statistics of where you are at and how well according to geography and ethnicity your goods or services will preform according to those. You should also try to fulfill some kind of want or need with your business plan to try and get people interested. You can more than likely find most or all of this information on the internet using, business blogs and forums or other reputable sites.

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