Outline how your business resolves problems for its customers. Summarize your business's history, ownership, and mission or vision statement. Take some time to think about these eight essential factors before drafting your Business Plan: Business Description and Mission Statement Think of a Business Plan as a self-made guide for managing, operating, and structuring your company.įor a more succinct version of our Business Plan, please use our One Page Business Plan Template.Ī Business Plan considers nearly every aspect of a company and how each decision might affect those aspects. In many cases, a Business Plan is considered a prerequisite for banks and investors to provide capital to a new business. Using a Business Plan to pitch business proposals to potential investors is a great way to present yourself as credible. In addition to being an internal document, it's also an external document. A Business Plan is a convenient document for executives to reference, so everyone is on the same strategic page. It also contains several other aspects of a business’s future agenda and can serve as an internal decision-making tool. A Business Plan is a fundamental document that every entrepreneur should use to outline their business’s goals and plans to achieve them.
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