Business Plan Templates
A business plan is a written blueprint and communication tool for your business. It helps you plan how you intend to operate your business. It is almost like a road map to show yourself and others how you intend to get to your goals. Research has shown that a business with a written plan consistently does better than a business without sometimes ten times better. The plan can be quite simple. The whole purpose of writing a business plan is to get you thinking and put your thoughts down on paper, but a written business plan can eventually be used to acquire investors and get financing, too. The plan should include the following sections
You may think that a business plan has to be a complex document, full of long sentences, overly technical terms, convoluted legalese, and detailed financial data. Nothing could be further from the truth. If you can talk about your business and you no doubt can, at length then you can create an effective business plan. The best business plans are conversational in tone, are easy to read and understand, avoid as much legalese as possible, and only include enough financial data that is necessary to paint an accurate picture of your business's potential. In fact, you could probably dictate the bulk of your business plan in a single sitting, based on your inherent knowledge of what it is that you're trying to accomplish and why.
Now that you have the outline of your business plan in your head, let's look at how to translate your story into a written document. In essence, you take your oral story and write it down, in a logical order. The typical business plan is divided into several distinct sections each of which maps to a part of your business story. What you have to do is take the story you just told and sort it out into short sections that help the reader understand just what it is your business is about. Of course, your particular business plan can contain more or fewer or different sections than presented here, but it should contain the same information because this information will describe and drive your new business. If you were writing a business plan for a big corporation, each section might be several pages long. For the purposes of your eBay business, though, think along the lines of a few sentences or paragraphs, instead. You see, the length of your business plan document depends entirely on...
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-Need an expert to help you with any step of your internet business plan Try elance.com. They have experts in nearly every online business niche. You can place your project up for bid and see what offers come back to complete your project. I list more services similar to Elance in Part 2 of this book.
When you put together your business plan, you indicated the type of business that you wanted to conduct. If you planned your eBay business around merchandise that you currently own or create yourself, you can skip this section. But if you planned your business around the resale of new or used merchandise, then you have to find a source for the items you want to sell.
Jeff's advice to new eBay sellers 'Invest time to create a business plan. A business plan will help you identify your strengths and weaknesses, threats and opportunities. Build into the plan a set of financial projections as well this will help you to clearly identify investment and working capital needs. Treat your eBay operation as a real, sustainable business and you will go far '
Although money transfers were not part of the company's main business plan, PayPal found that people on eBay had discovered the system, and were recommending it to each other. It eventually became so popular that eBay actually bought PayPal. Today, PayPal has 65 million account holders in 45 countries around the world one in three U.S. online buyers has a PayPal account, and 90 percent of eBay sellers accept PayPal. An even higher percentage of regular merchants use it. And, of course, it's easy to set up your own account.
The first step in starting up any business, whether it's on eBay, on your own Web site, or in the offline, brick-and-mortar world, is to set your goals and objectives and then develop strategies for attaining them. In the traditional business world, it's called coming up with a business plan. A business plan requires you to ask yourself some basic questions of the sort that can apply to your eBay business, too
Now that you know what goes into a successful business plan, all you have to do is write it. As daunting as that sounds, it isn't that difficult. The hardest part is just sitting down and getting started. Carve out a few hours of an evening or on the weekend, close the door, turn off the radio, and disconnect the telephone and the Internet. Concentrate on the task at hand, starting with a rough outline and filling in the details as if you were telling them to a friend. Take as much time as you need a few hours, a few evenings, or a few weeks. Don't overthink it, just start writing and worry about editing later.
Before you start selling on eBay, do your homework. Know which kinds of sales attract lots of bids and which turn out to be duds. Scan the message boards to get an idea of the kinds of problems sellers tend to confront, so you can watch out for them yourself. In order to succeed, any business needs to come up with a business plan, and online businesses are no different. A business plan doesn't have to be an elaborate production. The most important things are to make sure what you want to sell, determine where you want to sell it, and verify that there's a market of buyers for the kinds of merchandise you want to put up for auction. The sections that follow provide you with some other tips for planning your eBay business.
|Business Plan Templates|
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