In the start you may have only an idea of your plan tucked away in your head. As the idea of your business develops, it will be important to formalize your plan and stick to it. The underlying meaning of a Export Import Business plan is to write down your thoughts. By raising and then orderly answering basic operational queries, you force self-criticism in mind. Once it’s written on paper, others can read it and you can welcome their opinions. Ask for productive criticism from the most experienced people around you. Generally it is better to ask the strangers because friends and relatives tend to shield you from the hurt. Explain everyone reading your plan that you want to hear both the bad and the good news. The more eyes that view the plan, the more likely you will (1) recognize hazards while you still can act or neglect them and (2) identify opportunities while you can easily perform to maximize them.
The plan is said to be nothing; planning is everything.
A business plan can be as short as 8 pages and as lengthy as 48. On an average, they are about 20 pages. Every plan of business is usually about the same.
How to Start with the Business Plan
The first draft of your plan will consist of about 80 percent of the final draft and can be completed in less than 2 days. By viewing at your business plan as an onlooker would, you may find that few of your vision may have to be abandoned.
Generally, the process is done in 8 steps:
1. Define long-term objectives
2. Define short-term goals
3. Set marketing strategies
4. Analyze the available resources (personnel, material, etc.)
5. Amass financial data
6. Review for realism
In the next post we will learn all these above 8 points in much more depth.
Related Post: Export Import Education