Reply
AARP Expert

Can You Win with Your Business Plan?

In an effort to continue dialogue about starting a business or becoming an entrepreneur, periodically I will provide tips and tools on various topics to help you along your journey.  Having a business plan is key element to starting your business.  You may not have one as you initially start out, but eventually you will need it.  Your business plan is your roadmap to your businesses success. Let’s take a moment to look at some of the key elements of a business plan. Executive Summary – this succinctly describes your business and how you plan to grow your business. It should include a Mission Statement – what your company is in business to do, company information, description of your product and/or services, cost of your product/service, financial information, and a summary of your future plans. You want to clearly explain what sets your business a part from the rest – do a competitive analysis - what do you offer that your competitors don’t? What need are you filling? Who is your primary audience and how do they get the product/service that is designed for them? Explain how your business is structured, do you have staff or a team in addition to yourself. To help you get started, the Small Business Administration has a business plan tool that gives you step-by-step guidiance. Also, check out aarp.org/50plusentrepreneurship for more tools.  Until next time!

0 Kudos
1,313 Views
0
Report
cancel
Showing results for 
Show  only  | Search instead for 
Did you mean: 
Users
Announcements

Ask the Expert: Social Security

Discuss your thoughts about the 2022 Social Security cost-of-living adjustment with AARP experts - and ask a question to earn 50 AARP Rewards points. Join the discussion now.


AARP Make Your Move Contest 2021

Enter Today! Ends 10/22/2021. See Official Rules

Test Your Knowledge, Score Big. New Game Each Day!

AARP's new Right Again! Trivia game - part trivia, part puzzle, all fun! Special opportunities for AARP Members and Rewards participants. Play Now.

AARP Right Again! Trivia

AARP Rewards

Activate AARP Rewards to earn points for games, quizzes and videos. Redeem for deals and discounts. Get started with AARP Rewards now!

AARP Rewards Badge

Music and Brain Health

From soft jazz to hard rock - discover music's mental, social and physical benefits. Learn more.

Music and Brain Health