{"id":376,"date":"2015-04-21T20:53:13","date_gmt":"2015-04-21T20:53:13","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=chapter&p=376"},"modified":"2024-05-03T15:34:08","modified_gmt":"2024-05-03T15:34:08","slug":"introduction-to-business-plans","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/chapter\/introduction-to-business-plans\/","title":{"raw":"Introduction to Business Plans","rendered":"Introduction to Business Plans"},"content":{"raw":"

What you\u2019ll learn to do: list\u00a0and describe the key\u00a0components of a business plan<\/h2>\r\n\"decorative\r\n\r\nAlan Lakein, an author who writes about personal time, sets the stage for this section. He says, \u201cPlanning is bringing the future into the present so that you can do something about it now.\u201d\r\n\r\nBusiness planning forces an entrepreneur to develop a detailed understanding of the market\u2014including their unique value proposition, competitive strategy, and what it will take to succeed. This understanding includes specific operating and financial statement terms, which often take a significant amount of research and time to discover.\r\n\r\nIn this section, we will focus in on the business plan, which pulls together the research, analysis, and self-assessment of prior sections.","rendered":"

What you\u2019ll learn to do: list\u00a0and describe the key\u00a0components of a business plan<\/h2>\n

\"decorative<\/p>\n

Alan Lakein, an author who writes about personal time, sets the stage for this section. He says, \u201cPlanning is bringing the future into the present so that you can do something about it now.\u201d<\/p>\n

Business planning forces an entrepreneur to develop a detailed understanding of the market\u2014including their unique value proposition, competitive strategy, and what it will take to succeed. This understanding includes specific operating and financial statement terms, which often take a significant amount of research and time to discover.<\/p>\n

In this section, we will focus in on the business plan, which pulls together the research, analysis, and self-assessment of prior sections.<\/p>\n\n\t\t\t

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Candela Citations<\/h3>\n\t\t\t\t\t
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