Their forms and purposes differ. Is your business plan intended to attract investors? Is it to justify your loan application? Determine the purpose of your business plan so that you can determine the right structure of the plan you need.
Attainable and realistic — some business plan writers might impress you with complex and almost perfect business ideas and terms. However, no matter how excellently written and critically researched a business plan is, it is still not a good business plan if it cannot be implemented because it's unrealistic. Specific — Make sure that you can see and project results at the end of the plan. Everything must have specific, but detailed information from budgets, products, to the basic tasks of every employee.
Incorporated with assumptions — although business plans are results of well-researched data and written by highly qualified individuals, there is no guarantee that everything will go according to plan. So a good business plan must include assumptions and alternatives for you not to be caught off guard in an unfavorable situation. It should be something that can easily be revised and changed according to the most appropriate action at the moment.
The qualities of good custom business plans are actually hypothetical and subjective. There are qualities that might not be important for one entrepreneur, but they may be everything for another. The true measurement depends on your vision and your ability to materialize it.
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