{"id":204,"date":"2013-02-27T11:13:21","date_gmt":"2013-02-27T18:13:21","guid":{"rendered":"https:\/\/www.jacksonwhitelaw.com\/az-small-business-representation\/?p=204"},"modified":"2023-07-11T10:09:24","modified_gmt":"2023-07-11T17:09:24","slug":"questions-that-your-business-plans-should-answer","status":"publish","type":"post","link":"https:\/\/www.jacksonwhitelaw.com\/az-small-business-representation\/blog\/questions-that-your-business-plans-should-answer\/","title":{"rendered":"Questions that Your Business Plans Should Answer"},"content":{"rendered":"

Business plans help you outline which direction you want your business to go.\u00a0 Here is a list of the top ten questions every business plan should address:<\/p>\n

1.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b>What are the needs that your business wants to satisfy?<\/b>\u00a0 The whole point of having a business is to provide a necessity for the market.\u00a0 Therefore, it is important to have a specific need or problem in mind when forming a business.<\/p>\n

2. \u00a0 \u00a0 \u00a0\u00a0<\/b>How will your business satisfy your market\u2019s needs?<\/b>\u00a0 Describe your business and include a mission or vision statement with objectives stating how the business will contribute to the market.<\/p>\n

3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b>How does your company stand out?<\/b>\u00a0 Explain your business model and how it will compete with other businesses.<\/p>\n

4.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b>Who will be the key players in the business?<\/b>\u00a0 Describe the management team, board and advisers of the business.\u00a0 Be sure to elaborate on their experiences and abilities.<\/p>\n

5.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b>How big is your market?\u00a0 <\/b>You can understand the opportunity that your business will have by estimating your potential profits and learning how big of an industry you are getting involved with.<\/p>\n

6.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b>What customers will you target?\u00a0 <\/b>By focusing on a certain group of people, you will embellish and characterize your marketing strategy.<\/p>\n

7.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b>What will your marketing strategies be?<\/b>\u00a0 Once you know what demographic you will be focusing on, you will need to figure out the best way to connect with them.<\/p>\n

8.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b>What are the economics of your business?<\/b>\u00a0 Explain your pricing structure, costs, margins, and expenses.<\/p>\n

9.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b>How much money do you need to start your business?\u00a0 <\/b>Describe the capital requirements needed for your business.\u00a0 Disclose where your outside funding will be coming from, if help is needed.<\/p>\n

10. \u00a0 \u00a0<\/b>What needs to happen to break-even?\u00a0 <\/b>Experiment with financial projections and forecasts to figure out the amount of sales needed to cover your expenses and generate profit.<\/p>\n

If you have any questions about small business in Arizona, don\u2019t hesitate to contact a JacksonWhite small business attorney.<\/p>\n

Call JacksonWhite’s Small Business Law Team at (480) 464-1111<\/a> to discuss your case today.<\/p>\n","protected":false},"excerpt":{"rendered":"

Business plans help you outline which direction you want your business to go.\u00a0 Here is a list of the top ten questions every business plan should address: 1.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 What are the needs that your business wants to satisfy?\u00a0 The whole point of having a business is to provide a necessity for the market.\u00a0 Therefore, it […]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[],"acf":[],"yoast_head":"\nQuestions that Your Business Plans Should Answer | AZ Business Lawyer<\/title>\n<meta name=\"description\" content=\"If you have any questions about small business in Arizona, don\u2019t hesitate to contact a JacksonWhite small business attorney.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.jacksonwhitelaw.com\/az-small-business-representation\/blog\/questions-that-your-business-plans-should-answer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Questions that Your Business Plans Should Answer | AZ Business Lawyer\" \/>\n<meta property=\"og:description\" content=\"If you have any questions about small business in Arizona, don\u2019t hesitate to contact a JacksonWhite small business attorney.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.jacksonwhitelaw.com\/az-small-business-representation\/blog\/questions-that-your-business-plans-should-answer\/\" \/>\n<meta property=\"og:site_name\" content=\"Arizona Small Business Representation Lawyer - 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