Steps To Creating A Business Plan

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From a financial point of view, a business plan is, by design, a document that's meant to attract money and financing to your fledgling business - it's your sales pitch to deep-pocketed investors to provide the financial juice you need to get your business up and running.

Strategically, it may be best to use your lean startup business plan as a sales pitch to get financiers interested in your company.

You might be starting small, but you don’t have to stay that way.

So write down the possible opportunities for your business as it grows.

For example, perhaps you’re planning to start by selling over the internet. If not, how will you convince people to buy from you?

Steps To Creating A Business Plan Template For A Research Paper

That’s great, but how will you get traffic to your site? As the business grows, is there scope for a bricks-and-mortar retail outlet?

In this section, you'll need to lay out your financial projections for your company. Close your business plan with a pitch for funding, and list any supporting data, graphs and charts that bolster your pitch.

If your company is already up and running, list any income statements and cash flow numbers for the past several years, if possible. Make it clear what you're looking for financially from financiers - equity, a partnership or a loan.

One missing comma or one misspelled word may be taken by readers as a sign of sloppiness.

Hire a professional business writer and copy editor to make sure you have a clean and error-free business plan - good writing and editing will get noticed by readers, and in a positive way.

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