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At a minimal a business plan ought to have an executive abstract; an organization overview with firm historical past and it’s present standing; the businesses strategic goal; an outline of the companies services; a list of the businesses intellectual properties together with patents, copyrights, emblems, processes and know-how; a market evaluation; a aggressive evaluation, which incorporates competitors and their market place, and their strengths and weaknesses; a advertising plan, which incorporates your advertising strategy, product technique, gross sales technique, and pricing technique; your customer support plan; sales projections by product, in units, for no less than three years; and eventually a set of financials which embrace projected earnings and balance sheets with a Performa gross sales forecast.
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Time is money as the adage goes, so to reach on the precise value of every kind of meals, time spent cleansing, getting ready and cooking was recorded and calculated at a charge of $7.25 per hour (the minimum wage in New Jersey the place the research happened).
