9 steps to develop a solid business plan Want to start a business?Here are 9 steps to develop a solid business planBy Simon Trudel-Lachance In order to build and run a successful company, you'll need to create a business plan. If you have a business idea and you’re having difficulties convincing investors, what you need is a business plan to help you make your case.Here are 9 steps to develop a solid business plan 1. Executive summary • Highlight the goals of your new business and how to achieve them.• Make it the first section of your document, but write it last. 2. Company description • What problem does your company solve?• Why is it the best at doing this? 3. Research your market • How do you position yourself against your competitors?• Include: target market, segmentation analysis, market size, growth rate, and competition assessment. 4. Organization and structure • What’s the legal structure?• Identify risk management strategies.• Determine company leadership structure. 5. Define your goals • They should be specific, measurable, action-orientated, realistic, and time-bound. 6. Product or services • Describe your product.• Compare to similar products.• Cost analysis. 7. Background summary • Study other businesses• Pro, cons, do your research! 8. Marketing plan • What are the unique characteristics of your product/services?• How will you promote your business? 9. No money, no business • Propose your financial plan.• Project for at least five years. Make it stand out TD Bank launches dynamic new storytelling hub showcasing financial advice, social impact and culture of care.FOR MORE INFORMATION AND RESOURCES VISIT THE TD WEBSITE TD Stories Get personalized financial advice for whatever you're planning next.FOR MORE INFORMATION AND RESOURCES VISIT THE BDC WEBSITE TD ABOUT THE AUTHOR Simon Trudel-Lachance PIB — Sponsorship & Membership coordinator / Content Writer Pride In Business article in partnership with TD. By Simon Trudel-Lachance Pride In Business article in partnership with TD. By Simon Trudel-Lachance PRIDE IN BUSINESS PARTNERS BusinessFernando VargasApril 14, 2022Calgary, Interview, Networking, Entrepreneurs Facebook0 Twitter LinkedIn0 Reddit Tumblr Pinterest0 0 Likes