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Chapter 12. Creating Your Implementation... > Outlining the Three to Five Year Pla...

Outlining the Three to Five Year Plan

The majority of business ventures (at least those that are successful) reach the break-even point and start showing a profit sometime within the first and third year of operation. The Implementation Plan section of your business plan should describe the expected revenue, quarter by quarter and year by year, of your third to fifth year of business. Your three to five year plan should also identify your company's future plans and how you intend to remain competitive over that period of time.

You should convey briefly in a few paragraphs any future additions to your company in terms of new products and services. For example, in my business plan for a home concierge service, I describe to the reader the medium to long range objectives of the business. At first, the company would provide any and all services that can be performed exclusively in or around the home. Then, a few years later, we expand those services to those that can be performed for or at a business location.


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