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It’s a structural tool that can keep you, your employees and your business on the correct path.The first purpose of a business plan is to identify the aspirations of the business.Describe your operations as if you were teaching 5,000 people how to work at your company. – this is where you determine how much money you need to open/run your business and where you will get this money from.
A business plan is a written document that describes your business.
It covers objectives, strategies, sales, marketing and financial forecasts.
This would layout the groundwork for what they would be responsible for.
– this is where you will determine what outside sources will be needed to run your business.
When I create my business plans, I like to lay it all out there first, and then start to remove pieces that are irrelevant.
Think of your business plan as writing a book; you’ve determined the ending, but now you need to fill in how you will reach that desired ending.A business plan helps you to: You’ll need a business plan if you want to secure investment or a loan from a bank.Read about the finance options available for businesses on the Business Finance Guide website.– if needed, this is where you will document what staff you will need to run your business, what their skills need to be, how much experience, how much you can afford to pay them, etc.I did not need this section on my business plan, because I do not plan on having any staff in the near future.When the time comes, I will definitely add this section to my business plan.It would be wise to add an intern description here, if you plan on having an intern soon.It can also help to convince customers, suppliers and potential employees to support you.Most creatives probably tremble at the thought of creating a business plan, and most likely keep pushing it to the back burner until eventually they need one and throw something together that isn’t complete.Your marketing plan is actually an entirely different document outside of your business plan, but laying out the general ideas here is great.– this is where you document how to get the job done in the most efficient way. What order do you follow from the first time you talk to the client/customer to when the client/customer has the final product delivered to them?