It is vital for those starting a new venture to have an overall business strategy and plan. The bankable and feasible business plan will help you fulfill your dreams. This business plan will address the top concerns of the investors so that they can easily understand what your dream is all about.
A bankable and feasible business plan with a clearly mapped-out strategy and return on investment is a must for a new or experienced venture.
The Manging of the Business Plan entails formulating your idea in such a way that it can be adopted by banks and investors.
It involves determining your target audience, defining how you will market your product or service, creating an exceptional product or service, and then selling them to the desired clientele at a price they can afford.
For example:- If you are planning to start your own agro vet store business for the SALES OF DRUGS, VACCINES, POULTRY EQUIPMENT, PET PRODUCTS, AND ANIMAL FEEDS SUPPLY, you need to calculate how much capital you will require; this would include the cost of equipment required and start-up costs such as legal fees, etc.
You also need to consider whether your plan will work within a predetermined timeframe such as 6 months, 1 year, or 2 years depending on factors such as the amount you need to raise from investors.
This business plan will equip you with the knowledge required to run a profitable agro vet store.
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