The Business Plan: A Roadmap and a Tool for Funding - Part 3 of 3

 

Written by W.N. Davis, TSU College of Business student.

Strategic Considerations:

When selecting a financing option, entrepreneurs should align their choice with both immediate needs and long-term business goals. Viability often depends on the specific business model, industry, and the entrepreneur's ability to meet the financing terms. Comprehensive planning and a strategic approach to financing can significantly enhance a business's chance of success, allowing for sustainable growth and development. (Con'd below)

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The Business Plan: A Roadmap and a Tool for Funding - Part 2 of 3

 

Written by W.N. Davis, TSU College of Business student.

Financing the Small Business: Viability and Strategic Considerations

Financing a small business is pivotal for its launch and growth, with each financing option presenting unique benefits and challenges. Entrepreneurs need to carefully evaluate these to determine the best fit for their business model, financial health, and growth aspirations. (Con'd below)

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The Business Plan: A Roadmap and a Tool for Funding - Part 1 of 3

Written by W.N. Davis, TSU College of Business student.

Welcome to Fourteenth Avenue Press' Business Strategy Blog! Here, we explore the dynamic world of business strategy, where innovation meets execution and ideas turn into success stories. This essay is the first of three parts of an article focusing on the business plan. A business plan serves multiple purposes, with the most critical purpose being a roadmap for business operations and, thereby, a mechanism for securing funding. William A. Sahlman's point of view on writing great business plans in his article in the Harvard Business Review emphasizes that while business plans are often laden with financial projections, their real value lies in the qualitative elements that illustrate the business model, opportunities, risks, and the team's capabilities.

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