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Study other accounting businesses that compete with your services.Determine aspects that are similar and different from your business such as target market or service offerings.
Having a business plan will not only give you guidance for where you want to take your business, but also help you get thoughts to paper about how you will achieve your goals.
If the thought of creating a business plan gives you a migraine, cut yourself some slack.
For example, perhaps your target market is only people with diverse investment portfolios who need assistance with tax issues.
Or maybe you make house calls instead of requiring your customers to come to you.
Leslie Truex has been telecommuting and freelancing since 1994.
She wrote the "The Work-At-Home Success Bible" and is a career/business and writing instructor at Piedmont Virginia Community College.
The executive summary synthesizes the information from the plan and acts as an overview.
It includes your goals and mission for the accounting business, as well as a description of your accounting services and how they differ from other similar businesses.
The plan requires you complete the research and decision making that will impact your business' success.
Once you open your accounting business, the plan serves as a guide to help you focus on the tasks that grow your business. The executive summary appears first in a business plan, yet many business owners write it last, once the information from the other sections of plan are complete.