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If you’re like most small business owners, you’ve never had to create a business plan before. In fact, you may have never even seen a formal business plan document let alone had to put one together.
This article is part of our “Business Planning Guide” —a curated list of our articles that will help you with the planning process!
Every business has long-term and short-term goals, sales targets, and expense budgets—a business plan encompasses all of those things, and is as useful to a startup trying to raise funds as it is to a 10-year-old business that’s looking to grow.
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Validate a new business idea, or quickly develop your business strategy by starting with a one-page pitch. Do this before you plan!
A good business plan defines what you want to achieve and how you intend to achieve it. Our guide could help you write yours.
You can also download a free cash flow forecast template or a business plan template on the Start Up Loans website to help you manage your finances.
A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts.
Writing a business plan is an opportunity to carefully think through every step of starting your company so you can prepare for success.
This is your chance to discover any weaknesses in your business idea, identify opportunities you may not have considered, and plan how you will deal with challenges that are likely to arise. A well-written business plan can help convince investors or lenders to finance your business.
A business plan is a formal statement of business goals , reasons they are attainable, and plans for reaching them. It may also contain background information about the organization or team attempting to reach those goals.
Business plans may target changes in perception and branding by the customer , client, taxpayer , or larger community. When the existing business is to assume a major change or when planning a new venture, a 3 to 5 year business plan is required, since investors will look for their investment return in that timeframe. 
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If you’ve never written a business plan before, these guides will walk you through how to do just that as well as how to use your plan to obtain financing, and to manage your business on an ongoing basis.
A business plan is a written description of your business s future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you ve written a plan, or at least the germ of a plan.
Business plans are inherently strategic. You start here, today, with certain resources and abilities. You want to get to a there, a point in the future (usually three to five years out) at which time your business will have a different set of resources and abilities as well as greater profitability and increased assets. Your plan shows how you will get from here to there.