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what needs to be in a business plan
- What are the labor costs per unit? What are the key assumptions behind the operating expense forecasts?
- How will insurance needs evolve as the business grows? What are the internal and external factors that could negatively impact the business?
- How will financial performance be communicated to investors? What specific, measurable, achievable, relevant, and time-bound (SMART) goals will be pursued in the next year?
- What is the data management plan? Who are the key members of the management team?
- What are the opportunities for automation or efficiency improvements?
- What is the plan for an IPO (if applicable)? What is the ownership structure of the business?
- What are the timelines and resources required for each stage?
- What are the processes for monitoring and improving quality?
- What are the potential risks of intellectual property infringement by competitors? What are the key considerations for scaling the technology infrastructure as the business grows?
- What systems will be used to facilitate collaboration and knowledge sharing? What are the strategies for fostering innovation and creativity at all levels of the organization?
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