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Yes. It doesn't have to be elaborate, but should at least include a marketing plan and financial projections. Good luck!
Business Plan, Welcome Denise1 of 1 people found this helpful
Yes a Business Plan serves as a great tool to help you keep track of the details
and make sure the business is progressing as you intended.
As Lighthouse said, you should also include Marketing and Cash Flow as part of the Plan.
SCORE can help you. SCORE is FREE.
Good luck, LUCKIEST
Every business should have some form of business plan. Its especially important when you are starting a business or want to take your established business to the next level.
How complex and comprehensive your plan should be depends on what you plan to use it for. This generally falls into 3 categories:
1. Internal Planning (to form the business and outline the business launch - or expansion/changes for an established business).
2. Internal Planning/External presentation to close contacts that might want to invest in the business.
3. Internal Planning, External presentation to close contacts, experienced investors and/or sources of funding for the business.
Business plans can range from 10 pages to 50+. Simpler business plans (really more of an extended Executive Summary) are usually 10 pages or so and would primarily be used for internal planning purposes. These type plans are less complex. Plans for presentation to personal funding sources or investor-ready business plans designed for professional investor presentation are longer and much more comprehensive (they have to be to cover all of the aspects of your business that an investor or funding source is going to want to know about).
For an internal plan, as Lighthouse and Luckiest said, you need at least to have a marketing plan/business strategy plan and financial projections to help guide your and your business.
Avon is the premier MLM in the world! They have an extensive training program...be sure to attend as many trainings and events as you can. The more of the 'upper echelon' you can meet and become friends with ...the more you will learn and your business will grow. The support system is there to each you how to promote and grow your business, plus AVON has the best rep support bar none by way of their television advertising.1 of 1 people found this helpful
A business plan is a good thing for you to have to outline your goals and plans for the business, it can be adjusted to meet your individual needs/plans/money requirements, training needs etc.
Outside investors however are not prone to invest in large amounts of inventory for MLM participants.