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This document can serve as a powerful financing proposal.This article will take you through the step-by-step process of developing a business plan.
We’ve filled out a sample business plan as a companion to our template, featuring a fictional ecommerce business.
Our fictional business creates custom greeting cards with your pet’s paw prints on them, and the founder of the business is writing a plan to help understand the market, as well as the logistics and costs involved, to give themselves the best chance of success before they launch.
This template is designed to ensure you’re thinking through all of the important facets of starting a new business or growing an existing one.
It’s intended to help future small business owners consider the full scope of running a business, and identify functional areas they may not have considered or where they may need to level up their skills as they grow.
Planning is very important if a business is to survive.
By taking an objective look at your business you can identify areas of weakness and strength. A comprehensive, well constructed business plan can prevent a business from a downward spiral.
Download the business plan example Although even the best-crafted plan may not survive its first contact with reality, the act of planning is still invaluable for your business.
To make sure your efforts are focused on the highest-value parts of planning, like clarifying your goals, setting a strategy, and understanding the market and competitive landscape, lean on a business plan template to handle the structure and format for you.
That’s why we put together a free business plan template to help you get started.
Get the template It’s tempting to dive right into execution when you’re excited about a new business or side project, but taking the time to write a business plan and get your thoughts on paper allows you to do a number of beneficial things: A business plan can be as informal or formal as your situation calls for, but even if you’re a fan of the back-of-the-napkin approach to planning, there are some key benefits to starting your plan from an existing outline or template.