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Its template, available as a PDF or Word download, asks a whopping 150 questions and is generic enough to customize for most types of businesses.
Recently, I shared 18 Mistakes That Kill Startups, an infographic created by Mark Vital over at Funders and Founders.
A lot of those mistakes (most of them, in fact) are the result of poor planning.
The article's content is entirely at the discretion of the reporter and editor.
You will notice, however, that sometimes we include links to these products and services in the articles.
Clarity on these issues is essential for securing finance or investment. Research your markets and competitors Demonstrate that you're fully aware of the marketplace that you're planning to operate in. You should prove that your business will be able to attract customers despite potential competition. Provide realistic financial forecasts Show financial projections that support what you have said about your business. The first 12 months' forecasts should have the most detail. Plan your executive summary The executive summary outlines the key points of your entire business plan.
It is usually the first section that people will read.Include highlights from each section of the document.It is a good idea to write the executive summary last - make it engaging and avoid jargon. Present in a professional format A well-presented plan will reinforce the positive impression you want to create of your business.Bad location, a marginal niche, having no specific user in mind, raising too much or too little money--all of these issues can be prevented or at least mitigated with good planning.Creating your business plan is more than just getting your ideas down on paper for potential funders to see.You can subscribe to Kim's business growth tips by email, or connect on Linked In, Twitter and Facebook. In fact, if you're like a lot of entrepreneurs, you're probably going to find yourself pulling a few all-nighters to get one done before heading into your first pitch for funding.Because that's the thing--your business plan is a pretty important.That doesn't mean you have to bust out Word and start the plan from scratch.A template is great--you probably aren't doing anything that hasn't been done before, so it provides a proven structure for your plan. Check out these comprehensive business plan templates you can download for free to get you started: Score is an American nonprofit dedicated to helping entrepreneurs get their companies off the ground.It walks you through getting started, marketing, product, competitive analysis, SWOT, and more, with a window below the input fields to show you the plan as you work away at it.You can download it free with a trial subscription, but you'll have to remember to cancel it within the week if you don't plan to continue using it. writes about products and services in this and other articles.