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Your company’s business plan: a unique and tailored document

| Sep 5, 2018 | Business Formation & Planning |

Whether it ends up being a couple handwritten pages in a spiral notebook or a thick tome replete with charts and detailed financial analysis, it’s your business plan. Take pride in it.

No two business plans in Connecticut or anywhere else in the United States are the same, of course. A commercial enterprise is a distinct animal that takes shape based on unique considerations operative across a host of factors. Even the business plans of similarly sized competitors in the same locale and commercial sphere will have a markedly different look and feel to them.

However it ends up looking, strategizing about your business and crafting a document that sets forth fundamental goals, challenges, potential avenues for success and so forth is vitally important. Relevant data on that subject concludes that an entrepreneur or start-up team is “two-and-a-half times more likely to start a business simply by writing a business plan.”

So there, quite literally, is the first order of business: draft your enterprise’s business plan.

Here is the obvious question that begs an answer regardless of how that plan ultimately looks: What should it contain?

Your plan will logically center on what goods and/or services your business will provide. It will address your target audience, your projected market, strategies that will set you apart from rivals, thoughts concerning expansion and future opportunities, marketing/sales tactics and more.

And it will essentially answer the fundamental question of why your business is being created and what it ultimately hopes to achieve.

Proven business law attorneys can help with brainstorming and plan creation, as well as ongoing company efforts and concerns thereafter.

Fundamentally, experienced commercial lawyers are seasoned business people helping business people. That renders them well positioned to assist commercial principals from the very outset of their entrepreneurial vision.