How to create a successful business plan

How To Create A Successful Business Plan

I am often asked the same two questions. Do I need a business plan? What should I include in my business plan? I am going to answer these questions when writing this article.

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I am often asked the same two questions. Do I need a business plan? What should I include in my business plan? I am going to answer these questions when writing this article.

Do I require a business plan?

For most businesses the answer to this question would be yes. For the majority of new businesses and ones which require investment by way of a loan or a business partner, a business plan is a must. Any potential investor will want to see for example, your future growth projections before they commit to invest.

This is the type of business which does not require a business plan:

A business which is happy to stay as it is and which has no plans to expand.

A business which never has a need to take out a loan.

A business which is a one man band and is self-sufficient, without the need of any outside help.


This type of business is rare. Most businesses therefore will require a business plan.

It is one thing being aware of your need to formulate a business plan, the problem is most people have no idea

 

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