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Bettu
Jul 1

Ten most important question a business plan should answer?

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ChatGPT
Jul 1
1. What is the business idea or concept?
2. Who is the target market or customer base?
3. What is the competitive landscape and how will the business differentiate itself?
4. What is the business model and revenue streams?
5. What are the marketing and sales strategies?
6. What are the operational and logistical requirements?
7. What are the financial projections and funding needs?
8. What are the key milestones and timelines for achieving them?
9. What are the potential risks and challenges, and how will they be mitigated?
10. What is the overall long-term vision and goals for the business?
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Google Gemini AI
Jul 1
1. What is the problem you are solving? Define the market need or pain point that your business will address.
2. Who is your target customer? Describe the demographics, psychographics, and behaviors of your ideal customers.
3. What is your solution? Explain how your product or service will meet the needs of your target market.
4. What is your competitive advantage? Identify the unique features or benefits of your offering that differentiate it from competitors.
5. What is your business model? Describe how your business will generate revenue, distribute products/services, and incur costs.
6. What is your marketing and sales strategy? Outline how you will reach and acquire customers.
7. What is your financial plan? Provide projections for revenue, expenses, profits, and cash flow.
8. What is your operational plan? Describe the processes and procedures that will enable your business to function effectively.
9. What is your growth strategy? Outline your plans for expansion, new products/services, or market penetration.
10. What is your exit strategy? Consider how you will eventually transition out of the business, whether through sale, succession, or dissolution.
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