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Additional info for How to Write A .com Business Plan: The Internet Entrepreneur's Guide to Everything You Need to Know About Business Plans and Financing Options Writing & Journalism

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Describe the ways in which you will attract customers or clients and retain them. com are young girls and teenagers. In this section of the plan, I would point to the rapid increase in adolescents who are using the Internet and their growing sophistication about and interest in finance. I would cite statistics on this increase and note how the discussion boards and opportunities to make money would attract and retain these young women. One way to learn more about what your prospective customers really want is to create focus groups.

It's a highly collaborative and participatory process, and we bring a lot of specialized industry experience to the table. " Asked about the importance of the management team, Fong responded, "The management team is the most important element. It defines what markets you are in and your ability to execute. " And Fong feels that there are, in essence, "two types of innovators—entrepreneurs, who like to collaborate, and proprietors, who want to do things their own way. " Page 34 Name That Manager As Fong's views illustrate, it is critical that you detail and define your own management background and visions as well as those of your management team.

And a major "don't" here is: never, never make assumptions. com product line that consists of Turnip Chips that taste like peanut butter and grape jelly. My basis for this decision?

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