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Business plan

Find a recent business plan and summarize the plans strengths and weakness. What areas would you change? What is the value of looking at existing business plans?

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Sample Answer

Sure, here is a summary of the strengths and weaknesses of a recent business plan, as well as some areas that I would change:

Strengths:

  • The business plan is well-written and easy to follow.
  • The market research is thorough and provides a good understanding of the target audience.
  • The financial projections are realistic and achievable.
  • The business plan is clear about the company’s goals and objectives.

Weaknesses:

  • The business plan does not address some of the challenges that the company may face, such as competition and regulatory changes.
  • The business plan is not as detailed as it could be in some areas, such as the marketing plan.
  • The business plan does not include a timeline for achieving the company’s goals.

Full Answer Section

Changes I would make:

  • I would add a section to the business plan that addresses the challenges that the company may face.
  • I would make the marketing plan more detailed.
  • I would include a timeline for achieving the company’s goals.

The value of looking at existing business plans:

There are many benefits to looking at existing business plans. First, it can help you to understand the different elements that are included in a business plan. Second, it can give you ideas for your own business plan. Third, it can help you to identify the strengths and weaknesses of other business plans.

In addition to the specific changes that I would make to the business plan that I reviewed, I would also recommend that the company conduct a SWOT analysis. This would help the company to identify its strengths, weaknesses, opportunities, and threats. This information would be valuable in developing the business plan and in making decisions about the future of the company.

I hope this summary is helpful.

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