Initial Business Plan

Initial Business Plan-50
Instead, to help build a complete and effective plan, lean on time-tested structures created by entrepreneurs who have come before you.

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Investors rely on business plans to evaluate the feasibility of a business before funding it, which is why business plans commonly are associated with getting a loan.

But there are several compelling reasons to consider writing a business plan, even if you don’t need funding.

We created a business plan for the move, just as we did with our original website and ecommerce business.

Our business plan included an overview on why we were making the move, the issues with the current business, the benefits of moving to a new platform, the potential issues during the move, the main task, added costs, and a timeline.

The easiest way to simplify the work of writing a business plan is to start with a business plan template.

You’re already investing time and energy in planning your small business—there’s no need to reinvent the wheel when it comes to formatting your plan.

Once you’ve done the strategic work, it’s time to put it into action and write your plan.

Download the business plan template, and review our guide on writing a business plan for additional information.

A business plan can help you clarify your strategy, identify potential roadblocks, decide what you’ll need in the way of resources, and evaluate the viability of your idea or your growth plans before you start a business.

Whatever your reason for writing a business plan, the task will probably still feel like a homework assignment.

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