A business plan is a written document that outlines how an individual plan to structure and run a business.
What is a Business Plan?
A business plan is a written document that outlines how an individual plan to structure and run a business. It's an important document because it acts as a guide for those involved in the business. A business plan is often a requirement when someone is looking to obtain funding for their business. Business plans include several key categories including, but not limited to, a mission statement, financial projections, and marketing.
Why do you want a business plan?
You already know the obvious reasons, but there are so many other good reasons to create a business plan that many business owners don't know about.
5 Reasons Why You Need a Business Plan
1. To avoid big mistakes
2. To counterbalance your emotions
3. To make sure everyone's on the same page
4. To develop a game plan
5. To raise capital
Think of this as a late-show top 10, with us building up to the most important reasons you need a business plan.
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