Research and development, known as R& D, refers to that part of your business plan that is your ability to gain knowledge in order to design, develop, and enhance your product, services, technologies, or processes. If your company is a hightech firm, R& D is number one on the list of capabilities crucial to your longterm success. 3. Review lessexpensive research alternatives. Small Business Development Centers and the Small Business Administration can help you develop customer surveys.
Your trade association will have good secondary research. Be creative. 4. Estimate the cost of performing the research yourself. We would like to show you a description here but the site wont allow us. The market analysis section of your small business plan should include the following parts: Industry Description and Outlook: Detailed statistics that define the industry including size, growth rate, trends, and outlook.
In an indepth research paper on Writing a Business Plan for a Small Business begins by discussing ways to meet several of any business or MBA course objectives by actually getting out into a real business and apply what you learned.
Therefore, the following is a typical assignment for a business or MBA program.