Learn2 Write a Business Plan - Step 7

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        Learn2 Write a Business Plan
      
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                          (Continued) 
      
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                                    Explain how your
      
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                          business will run 
      
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                          Your development plan explains how your
      
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                          business will run. Think of it as a series of
      
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                          deadlines. Begin by explaining the parts of your
      
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                          business that are already in place (the
      
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                          management team, a product template, etc.).
      
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                          Then provide a timeline for future goals (when
      
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                          hiring will be complete, when your product will
      
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                          reach the market, when the first radio ads air,
      
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                          and so on), and briefly outline the steps you'll
      
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                          take to reach these goals. Keep these things in
      
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                               Show you're aware of potential obstacles.
      
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                               Mention input from outside contractors. 
      
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                               Prove you can protect proprietary
      
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                               information during the development
      
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                          Maybe you know how to make a single widget,
      
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                          but can you make a million? Investors want to
      
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                          know whether or not production can meet
      
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                          consumer demand. Anticipate their concerns by
      
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                          including a manufacturing/operations plan that
      
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                          answers the following questions: 
      
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                               Where will you get raw materials (if
      
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                               applicable)? 
      
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                               How will your product (or service) be
      
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                               generated? 
      
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                               How will you ensure consistent quality? 
      
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                               What is the maximum capacity of your
      
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                               operation? 
      
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                               Are there any regulatory or other legal
      
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                               issues you need to address? 
      
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                               How long will it take to produce the first
      
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                               product (lead time)? 
      
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                               Will any part of the production process be
      
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                               outsourced? 
      
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                               Where will the product or service be
      
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                               generated? How will this affect
      
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                               distribution and other costs? 
      
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                               Will warehousing be necessary? 
      
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