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There is no set pattern for writing and documenting a business plan. It can be a simple one-page business plan or it could consist of 30 pages. There is no specific length of a business plan.
Do you really need a business plan? Everyone always asks for your small-sized online boutique I really need a plan? And how a business plan can help your online boutique?
A business plan will help you in making decisions related to finances, buying, selling, marketing, target audience, what products to sell, where to buy those products, when to buy those products, what pricing model you need to use, how to handle shipping, customer support, customer engagement strategies and everything else.
A business plan is the basic informational document that has all the details about your online boutique. You can share your business plan with stakeholders.
You can refer to it in case of any ambiguity. How to use your business plan? A business plan serves many purposes. A well-written and a well-defined business plan has the potential to drive the business.
A business plan provides future focus and vision. It serves as the basic guideline for managers or potential partners. Business plan defines the objectives of your business. It defines your target audience, marketing strategies and financial resource allocation. It helps to define the culture of the business.
Executive Summary The executive summary is the first part of your business plan but it is recommended to write it at the end.
It should be no more than 2 pages. It should be a short summary of your entire business plan. It is a shorter version of your business plan that should be written in a presentable and concise manner. Company Description This is the first section of your business plan.Business Plan Template.
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This is just a basic format/template of a simple business plan for an online boutique. You can delete or add any new section s or chapters. In the end, write a very concise and to the point summary of the business plan which should be used as an executive summary. 1 BUSINESS PLAN OUTLINE Use the following outline to summarize your business planning decisions.
Title each section of your written plan as indicated in the outline. Write, in your own words.