From the course: The 45-Minute Business Plan
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Milestones in your business plan
From the course: The 45-Minute Business Plan
Milestones in your business plan
- Next it's important that you outline the milestones needed for the success of this business, both at the startup phase, as well as later on as you develop. Again you'll start with a general statement on why the milestones are important to the business and then assimilate them with bullet point descriptions. An example might look like this, "In order to achieve the financial projections and operational efficiencies outlined in this business plan, a strategically planned and written list of key projects and events known as milestones have been developed. The milestone list is considered to be an all inclusive itemization of the most important events and projects that must be completed to ensure the success of ABC, LLC. A projected start date, end date, budget estimate and resources required for completion is assigned and recorded in writing for each milestone." Next you'll want to list those milestones. You can also list a…
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