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How to write a smart business plan? Speak about 6 essential items to include in a business plan.

How to write a smart business plan? Speak about 6 essential items to include in a business plan. QLRRx
It is a well-known fact that in order to start a new business, the owner of a business must write a smart business plan. I would like to talk about the essential items that are necessary for its creation. To begin with, this plan should include a description of your business. For instance, the unique and memorable name of your business, the location of the business: your home or a business premises, business objectives and funding. Moreover, market analysis is also very important. At this stage, you need to study industry trends at the moment, determine the target market and your main competitors, as well as pay attention to the market leaders. Furthermore, you need to make a full description of your products and services, comparing them with the competition for quality and price. Besides, the development of a market strategy plays a significant role in creating a sound business plan. It includes pricing policies such as discounts and opening offers, distribution, and after-sales service. In addition, you must draw up a management plan that have a business structure, such as a self-employed or partnership, a team description and an operating plan containing details of how you are going to run the business. And finally, it is necessary to find financial information that includes figures for the first two years, such as profit and loss forecast and capital expenditure forecast. On balance, a smart business plan should contain all these main items and then your business will make a profit and stay afloat.
It is a well-known fact that
in order to
This phrase/word (depending on the context) can be potentially replaced with :
start
a new
You use this word too often, consider replacing it with
business
, the owner of a
You use this word too often, consider replacing it with
business
This phrase/word (depending on the context) can be potentially replaced with :
must
write a smart
You use this word too often, consider replacing it with
business
You use this word too often, consider replacing it with
plan
. I would like to talk about the essential items that are necessary for its creation. To
This phrase/word (depending on the context) can be potentially replaced with :
begin
with, this
You use this word too often, consider replacing it with
plan
should include a description of your
You use this word too often, consider replacing it with
business
.
For instance
, the unique and memorable name of your
You use this word too often, consider replacing it with
business
, the location of the
You use this word too often, consider replacing it with
business
: your home or a
You use this word too often, consider replacing it with
business
premises,
You use this word too often, consider replacing it with
business
objectives and funding.
Moreover
,
You use this word too often, consider replacing it with
market
analysis is
also
This phrase/word is too simple and can be replaced with:
very
This phrase/word is too simple and can be replaced with:
important
. At this stage, you need to study industry trends at the moment, determine the target
You use this word too often, consider replacing it with
market
and your main competitors,
as well
as pay attention to the
You use this word too often, consider replacing it with
market
leaders.
Furthermore
, you need to
This phrase/word (depending on the context) can be potentially replaced with :
make
a full description of your products and services, comparing them with the competition for quality and price.
Besides
, the development of a
You use this word too often, consider replacing it with
market
strategy plays a significant role in creating a sound
You use this word too often, consider replacing it with
business
You use this word too often, consider replacing it with
plan
. It includes pricing policies such as discounts and opening offers, distribution, and after-sales service.
In addition
, you
This phrase/word (depending on the context) can be potentially replaced with :
must
draw up a management
You use this word too often, consider replacing it with
plan
that have a
You use this word too often, consider replacing it with
business
structure, such as a self-employed or partnership, a team description and an operating
You use this word too often, consider replacing it with
plan
containing
This phrase/word (depending on the context) can be potentially replaced with :
details
of how you are going to run the
You use this word too often, consider replacing it with
business
. And
finally
, it is necessary to find financial information that includes figures for the
first
two years, such as profit and loss forecast and capital expenditure forecast. On balance, a smart
You use this word too often, consider replacing it with
business
You use this word too often, consider replacing it with
plan
should contain all these main items and then your
You use this word too often, consider replacing it with
business
will
This phrase/word (depending on the context) can be potentially replaced with :
make
a profit and stay afloat.
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IELTS essay How to write a smart business plan? Speak about 6 essential items to include in a business plan.

Essay
  American English
1 paragraphs
253 words
6.0
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.5
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.0
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 6.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
  • ?
    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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