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Your business plan is the foundation of your business. Learn how to write a business plan quickly and efficiently with a business plan template.
Last updated August 24, 2023. This example business plan is provided by the Small Business Administration.
10 steps to start your business; Plan your business. Market research and competitive analysis; Write your business plan; Calculate your startup costs; Establish business credit; Fund your business; Buy an existing business or franchise; Launch your business. Pick your business location; Choose a business structure; Choose your business name ...
Our Business Planning Guide is easy to use and contains templates you can follow. Our “How to Write a Business Plan” course, offered through the SBA Learning Center, will show you how to plan, outline, and develop your own business plan.
Competitive analysis helps you learn from businesses competing for your potential customers. This is key to defining a competitive edge that creates sustainable revenue. Your competitive analysis should identify your competition by product line or service and market segment.
Use your startup cost calculations to get startup funding. It’s a good idea to create a formal report of your expected startup costs. You want it in a format that’s clear and easy to understand. Investors and lenders compare expected costs to projected revenue and determine the potential for your business to profit.
write an accurate and complete business plan. Use free SBA tools to aid your research. 2. Prepare a draft business plan. Doing it is the only way you will learn. It doesn’t have to be perfect, long or complete. Prepare the parts of the plan that you can. 3. Discuss your draft plan and any questions you have with a business mentor, coach,
10 steps to start your business; Plan your business. Market research and competitive analysis; Write your business plan; Calculate your startup costs; Establish business credit; Fund your business; Buy an existing business or franchise; Launch your business. Pick your business location; Choose a business structure; Choose your business name ...
Unlike the old-fashioned formal business plan, the lean plan skips the carefully worded summaries and detailed business information for outsiders. The lean business plan is not even a document. It's a collection of lists, tables, and bullet points. Keep it Live.
10 steps to start your business; Plan your business. Market research and competitive analysis; Write your business plan; Calculate your startup costs; Establish business credit; Fund your business; Buy an existing business or franchise; Launch your business. Pick your business location; Choose a business structure; Choose your business name ...