Any company, from one plotting world domination to one selling jam at the local farmers’ market, can benefit from writing a business plan. But even if you don’t anticipate needing to seek financing, permits, or legal counsel, the process of writing a business plan will help you focus and will be a valuable reference as your business grows.
The level of detail will vary accordingly, but all business plans address at least the following questions:
Be sure to include an “executive summary.” It should appear at the beginning of the document, but you may want to write it last, since it’s exactly what it’s called—a summary. It should boil down all the information in your business plan to no more than two pages.
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Thanks for the business plan advice. I will use it soon!