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Prepare a high-quality business plan using a business plan template and easy-to-follow steps.A realistic, working business plan can be used to secure external funding and measure success within your business.
Grant providers, potential partners and anyone interested in buying your business will also likely want to see your business plan.
Even if you just use it in-house, it can: A business plan is a living document that will help you monitor your performance.
Start with an overview of your business: Remember that the person reading the plan may not understand your business and its products, services or processes as well as you do, so try to avoid jargon.
It's a good idea to get someone who isn't involved in the business - a friend or family member perhaps - to read this section of your plan and make sure they can understand it.
Your plan should also include: To make sure your business plan has maximum impact, there are a number of points to consider.
Keep the plan short - it's more likely to be read if it's a manageable length.
A strong sales and marketing section means you have a clear idea of how you will get your products and services to market.
Your plan will need to provide answers to these questions: You may also want to include your personal finances as part of the plan.
A business plan is a written document that describes a business.
It covers objectives, strategies, sales, marketing and financial forecasts.