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Why You Should Have a Business Plan

Updated: Feb 11, 2019

Why You Should Have a Business Plan

Developing a business in new countries comes with many challenges. It is important to tailor your business to your new market and to get an understanding of the (business) culture in the Netherlands. A strong business plan is your key to success!

Writing a Business Plan

When entering a new market it is important to test whether your idea can become a sustainable business. A business plan forms a safety net and can save you a lot of time and money. It makes you are aware of the environment of your business and of the direction you want to take your business in.

If you are positive your products/services suit or are tailored to the Dutch market, you can start developing the business. Creating broad financial- and operational objectives, budgeting, and marketing strategies will ensure you are ready for the first period of business in the Dutch market. Establishing these factors will enable a smoother startup phase with fewer unforeseen problems.

The higher quality your business plan is, the greater is the chance of establishing a bank account or securing loans to fund your new business activities. And when you are able to secure loans, your growth can be induced and further expansion in the Netherlands or Europe lies ahead!

Securing loans is one thing, but what if you want to attract funding to your business? An clear and inspiring business presentation might attract their attention, but a great business plan is vital for investors to make a well substantiated decision.

Although writing a business plan can be time-consuming, but is well-worth the effort in the long run.

INCO can assist in business plan reviews, or even take all the hassle away and write it for you!

Schedule your call with one of our experts now!

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