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Creating an Effective Business Plan - Nigeria

Adapted from content excerpted from the American Express® OPEN Small Business Network

This workshop will help you create a business plan to guide your business through the start-up or growth phase, a search for capital, or any other endeavor your small business undertakes.

We've distilled the typical business plan into seven key elements listed below. For each and every element you will find a description, instructions for creation, for many, tips for avoiding common pitfalls. But reading about something isn't always enough, so we have also provided "Toolboxes" full of samples, worksheets, and glossaries that will clarify and walk you through the process.

To make sure you are ready to create the best possible plan for your business you can experiment on someone else's business! In the Try It Yourself section you have an opportunity to test your skills on a fictional business plan and be rated on how prepared you are to create your own.

If at any time along the way you have questions, check the FAQs.

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Ratings/Comments (7) Overall  
  • Currently 4.1/5 Stars.
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  • Currently 5.0/5 Stars.
mr adeolu akintimehin a  |  March 18, 2010
i am a shoe maker that spesialise in men footwears. i want to make my shoe business official in relation to: having a mailing adress, registring my business, writing a business plan opening a banking account and so on.

but my challenge is that i need a counsellor,lawyer or an athorny to help me out.

akintimehin adeolu a.
  • Currently 1.0/5 Stars.
mr. nathan okpighe  |  January 02, 2010
i am nathan i want to setup a producing company in my location i neeed advices
  • Currently 5.0/5 Stars.
Lola Fayomi, Lagos, Nigeria  |  November 17, 2009
Customised for SMEs in creating a standard and effective business plan.
  • Currently 5.0/5 Stars.
mr Marc-Raymond Agber  |  October 13, 2009
A concise but comprehensive way getting started on a sound foot.
you hit the tarmac running.
Thanks.
Marc-Raymond Agber
  • Currently 4.0/5 Stars.
Rinky Singh  |  October 07, 2009
Very good blog post, especially the title is wisely selected. I just wanted to add more. Business planning is basically used by the managers to calculate the market strategies and set up a business plans. A good business plan opens several new outlines for the development of business; hence, it is required for any business to run successfully. While making a business plan, it is important to check the financial performance of a company against its respective industry. The most current financial statement is used to verify the validity of the forecasts. This also helps to point out the possible problems and ways to correct them. Therefore, careful planning is needed to ensure business success.

I have seen this website www.fintel.us which throws light on different aspects of business planning. At least have a look, you will definately get benefit from it.
  • Currently 4.0/5 Stars.
MR OTUAMA ELIAS .C.  |  August 08, 2009
SIR,
I WANT TO SRART OIL PROCESSING MILL IN MY STATE,IWANT YOU ASSISTANCE.
OIL BUSINESS IS A LUCRATIVE BUSINESS IN NIGERIA AND THE WHOLE WORLD.
OIL IS USED TOPROCESS ALOT OF PRODUCTS.
HELP BE HAPPY IF GIVEN ME ASSISTANCE.
OTUAMA ELIAS
  • Currently 5.0/5 Stars.
Peter Bamkole, Lagos, Nigeria  |  July 28, 2009
Simple and effective for Nigeria! Lola
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