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Business Plan Writing

What is a Business Plan?

A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business. It’s a valuable way to think through the critical elements of your business.

Business plans can help you get funding or bring on new business partners. Investors want to feel confident they’ll see a return on their investment. Your business plan is the tool you’ll use to convince people that working with you — or investing in your company — is an intelligent choice.

Why is a Business Plan important?

A Business Plan will outline your business’s mission, vision, and goals, in addition to expanding on the topics detailed in the Business Model Canvas. The beauty of the Business Model Canvas is that the BMC can directly translate to a full-fledged business plan to tell your business’s story. It gives entrepreneurs the ability to lay the foundation of their business and analyzes each aspect of their business. A business plan will also let the entrepreneur track their goals and measure their success as the company develops.

Traditional Business Plan Format

Executive Summary