It’s your business strategy, written in brief, with just the essential business plan components, so that you can update quickly and easily as you learn more about your business, your customers, and yourself.
It’s also a great starting place for As you think about each of the areas above, don’t think “business plan.” Instead, imagine that you are having a conversation with someone at a cocktail party and you’re explaining your business to them in simple terms.
(Hey, we can all dream.) With advance preparation and having all the right information at your fingertips, you will be ready.
plan” must absolutely fit on one page in a font that most people can still read.
It's a working document that helps you prepare for opportunities as well as difficulties.
A business plan's value goes beyond its ability to help secure a loan package for you.
You'll also discover areas with potential you may not have thought about before -- and ways to profit from them. Writing a plan forces you to think through every aspect of your venture.
You'll find weak spots in your business idea that you'll be able to repair.
Investors, banks, and planning departments regularly request them, and corporate employees often need to present such plans to their managers.
What these people need is a guide to developing a high-quality business plan quickly.