How To Write Your Business Plan
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Your business plan outlines the route your company intends to take to grow revenues over the course of this period.
If you plan on applying for a loan through your bank, you will most certainly need a business plan.
There is also a commonly overlooked bit of protection it offers. Should your small home business ever be audited by the IRS and they try to assert that your business is just a hobby and not an actual business, your plan will help prove your business intent.
Our thanks to SBA.gov for the following:
Your executive summary is a snapshot of your business plan as a whole and touches on your company profile and goals. Read these tips about what to include.
Your company description provides information on what you do, what differentiates your business from others, and the markets your business serves.
Before launching your business, it is essential for you to research your business industry, market and competitors.
Every business is structured differently. Find out the best organization and management structure for your business.
What do you sell? How does it benefit your customers? What is the product lifecycle? Get tips on how to tell the story about your product or service.
How do you plan to market your business? What is your sales strategy? Read more about how to include this information in your plan
If you are seeking funding for your business, find out about the necessary information you should include in your plan.
If you need funding, providing financial projections to back up your request is critical. Find out what information you need to include in your financial projections for your small business.
An appendix is optional, but a useful place to include information such as resumes, permits, and leases. Find the additional information you should include in your appendix.
What makes your business unique? Determining this could help you stand out from the crowd and give you advantages over your competitors.
How Small Business Kickstarter Works
Many of our Custom Programs are designed for the small business on a tight budget. Instead of an upfront investment to get started, we partner with you and are compensated as we grow your business. We are results-oriented.
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