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So think of it as a snapshot of your business plan.Don't try to "hype" your business--focus on helping a busy reader get a great feel for what you plan to do, how you plan to do it, and how you will succeed.
For many entrepreneurs, developing a business plan is the first step in the process of deciding whether to actually start a business.
Determining if an idea fails on paper can help a prospective founder avoid wasting time and money on a business with no realistic hope of success.
that your idea for a business is not just a dream but can be a viable reality.
Entrepreneurs are by nature confident, positive, can-do people.
Maybe establishing a storefront for your operation isn't as cost-effective as taking your products directly to customers--not only will your operating costs be lower, but you can charge a premium since you provide additional customer convenience. Successful businesses identify opportunities and challenges and react accordingly.
Creating a business plan lets you spot opportunities and challenges without risk.Even though you may be creating a business plan solely for your own purposes, at some point you may decide to seek financing or to bring on other investors, so make sure your Summary meets their needs as well.Work hard to set the stage for the rest of the plan.Use your plan to dip your toe in the business water.It's the perfect way to review and revise your ideas and concepts before you ever spend a penny.As you develop your Summary you will naturally focus on the issues that contribute most to potential success.If your concept is too fuzzy, too broad, or too complicated, go back and start again.So a solid business plan should be a blueprint for a successful business.It should flesh out strategic plans, develop marketing and sales plans, create the foundation for smooth operations, and maybe--just maybe--convince a lender or investor to jump on board.Maybe you think you don't need a step by step guide to writing a great business plan.Maybe you think you don't need a template for writing a business plan.