CANNAINVESTOR Magazine October / November 2016 - Page 107

"What to start my business plan with?"

Sit down with your partners and team, have a drink, hold a brainstorming session and answer the following questions:

What is my business about?

What value does it bring to the customers? Why would customers buy my product or service?

Are there competitors in my niche? What are their strong and weak points? Why would I be better?

What is my potential market size?

What goals do I want to reach and how?

What do I need to execute your plan?

After answering these questions to yourself, start simply putting them on paper.

For the beginners it would be also useful to learn some basis. Chris Bowles (@chrisbowlesinc) in his blog made a very good presentation - Business Plan Writing: 4 Lesson Guide To Business Plans (http://chrisbowlesinc.com/business-plan-writing-4-lesson-guide-to-business-plans/)

- which covers all the basic points of the business plan. What I like here is the creative way in which Chris delivers information: you don't need to read a book on how to write a business plan, it's enough just to view the short presentation where author visualised all the basic aspects of business plan writing.

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