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There are two main purposes for writing a business plan. The first, and most important, is to serve as a guide during the life of your business. It is the blueprint of your business and will serve to keep you on the right track. To be of value, your plan must be kept current. If you spend
daunted by the prospect of writing a business plan. But it is not a difficult process — and a good business plan focuses the mind as well as helping to secure finance and support. The business plan will clarify your business idea and define your long-term objectives. It provides a blueprint for running the business.
be reproduced in any form including information storage and retrieval systems, without prior permission in writing from the publisher. 0213. I N T r o D u c T I o N. Planning is your map to success in the business world. You need to write a business plan if you are: • starting or buying a business. • financing or refinancing.
Use the following outline to summarize your business planning decisions. Title each section of your written plan as indicated in the outline. Write, in your own words. Answers to the questions listed. Each question can be the start of a new paragraph. If a question does not apply, explain why it does not apply. Tip: You don't
THE PLAN. I N T R O D U C T I O N. Planning is your map to success in the business world. You need to write a business plan if you are: • starting or buying a business. • financing or refinancing your business. • raising debt or equity capital. Much money is made then lost because one area of a business fails, dragging the
Write this section last! We suggest you make it 2 pages or less. Include everything that you would cover in a 5-minute interview. Explain the fundamentals of the proposed business: what will your product be, who will be your customers, who are the owners, what do you think the future holds for your business and your.
beginning to write it, forces you to take an objective, critical, unemotional look at your business project in its entirety. The business plan is an operating tool which, if properly used, will help you manage the business and work effectively towards its success. The importance of planning cannot be over emphasized. By taking
Dec 6, 2017 Writing a business plan is one of the most crucial elements of starting a business. However, it doesn't have to be the most frustrating. Here are 12 free business plan templates. 1. The Balance. The Balance business plan template is broken into sections such as executive summary, business overview,
Georgia State SBDC. 2. Why Write a Business Plan? A Business Plan helps you evaluate the feasibility of a new business idea in an objective, critical, and unemotional way. • Marketing – Is there a market? How much can you sell? • Management – Does the management team have the skill? • Financial – Can the business
you through the steps of writing a business plan. more importantly, the tools and techniques in this book help you decide if your business idea will work. The same financial and analytical tools necessary to convince potential lenders and investors that your business idea is sound can help you decide whether your idea is

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March 2018