From the course: The 45-Minute Business Plan

Intermediate term

From the course: The 45-Minute Business Plan

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Intermediate term

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- Next up, the intermediate-term financial plan. In other words, how are you protecting the investment from an immediate standpoint? What are you going to do as next steps? This may be several points as you see fit. I like to outline the activities of the business for the next six months to one year. For example, you may say, the following plan is set in place to ensure ABC LLC builds itself into a viable and profitable business without interruptions to operations. The business plan is used as a roadmap and indispensable tool for the company's ongoing improvements and successes. All required licenses will be obtained immediately, and updated according to the state requirements to protect the business activities. All require tax filings to be completed and filed in a timely manner to avoid risk of audit and reduce tax liability. The cash balance will always be positive to allow for financial growth. Technology requirements will be obtained to excel the process and systems for ABC LLC. Again, these are just a few examples of things you will want to consider listing in this section.

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