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How to write a good business plan for your small business Video

Take my full course on how to write a business plan: https://www.udemy.com/how-to-write-a-business-plan/?couponCode=ten_youtube

Try my apps that help you and teach you how to write a good business plan for your small business: http://www.problemio.com

In this video I explain how to write a good business plan for your small business. Many people feel intimidated by having to write a business plan, but it is much simpler than many people might think. In this video I also explain many of the common misconceptions when it comes to business planning, and what you can expect from your business plan after it is ready.

First, when you write a business plan for your small business, you should have goals for what to do with your business plan after you finish writing it. I recommend writing a business plan for two reasons. The first is to get your own ideas organized. And the second reason to write a business plan is when someone you want to do business with specifically asks for your business plan. And whereas the first reason to write a business plan doesn't require you to have a professional business plan since it is just for you, the second reason to write a business plan necessitates that you should write a very good business plan that is very professional.

There are many possible sections of a business plan depending on the kind of business you have, and the stage of the business. But nearly all business plans need to express the following: 1) the product or service 2) The marketing plan 3) The financial picture.

When you write a good business plan for your small business, you should explain your product or service. That is self-explanatory. People need to know what your business is. Next, when you write your business plan, you should explain how you will promote that product or service. Investors particularly focus on this section because it shows how much you truly understand about making this business a success.

Next, when you learn how to write a good business plan, focus on the finances of the business. A good business plan should have a cash flow statement which is an itemized list of expenses and revenue of the business. You should project that over 6-18 months depending on your business. And that will give you the amount of capital that you need to come up with.

This video is on how to write a good and professional business plan for your small business. Here are a few more videos on how to plan and start your business.

Freemium business model
https://www.youtube.com/watch?v=8IqWwNLHIsU

Business plan course
https://www.youtube.com/watch?v=i19XAhb0-BM

What is a business plan
https://www.youtube.com/watch?v=T63QsuNIwZA

What is a business model:
https://www.youtube.com/watch?v=dsUz6lfXCkE

How to make money with ads:
https://www.youtube.com/watch?v=eAw7JowBjc8

Hiring tips and strategies:
https://www.youtube.com/watch?v=LEPLs1dOBZg

How to identify your target market:
https://www.youtube.com/watch?v=loHvzCFnAvg

What is KPI and how to use it in your business:
https://www.youtube.com/watch?v=fx1x33DKmGc

Do you need a business plan?
https://www.youtube.com/watch?v=0kYxzkx6JJI

How to price your product?
https://www.youtube.com/watch?v=qN5No7ON5o0

The lean startup methodology by Eric Ries:
https://www.youtube.com/watch?v=HYXTXHteY8Q

Steve Blank's customer development theory:
https://www.youtube.com/watch?v=_lkRDM8yXxU

How to make money from a blog:
https://www.youtube.com/watch?v=qrLvNkVVfZc

How to deal with business competition:
https://www.youtube.com/watch?v=SKcNJsybVsQ

How to start a trucking company:
https://www.youtube.com/watch?v=ql8jBXgDBT0

Business risk vs. product vs. market risk:
https://www.youtube.com/watch?v=NlQgo1KYEqw

How to write a business plan:
https://www.youtube.com/watch?v=pTKvgsUrLGE

25 Facebook marketing strategies:
https://www.youtube.com/watch?v=zd8eG0WDJvI

Best Android business apps
https://www.youtube.com/watch?v=aL_RQxFjHZY

iPhone business plan apps:
https://www.youtube.com/watch?v=dvUVKIcnD9c

Book on going from business ideas to starting a business:
https://www.youtube.com/watch?v=XtmJEeZmiig

How to make money with affiliate marketing:
https://www.youtube.com/watch?v=cs6HOvDCagU
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