Planning a Small Business.

by Tiina Repnau

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A summary of ideas that may be useful in seeking new contracts and preparing proposals. Coming from a seminar on "How To Start and Operate a Small Business," the author outlines 5 main points: plan the product; research the market; assemble the team; create the business plan; and sell. Raising money takes time; as a rule of thumb, allow 15-18 months: 12 months to build with the venture capital, and 3-5 months to get new money. 5 pp. (SM)

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