There are two types of business plans: a traditional business plan and a one page business plan also called a lean business plan. A business plan is a business planning tool that outlines operational business goals, strategies to achieve those goals, and financial projections. One-page business plans are great for self-funded companies to gain clarity on the problem their company solves and their competitive advantage. Banks and most investors typically require that you have a traditional business plan. They do this because they are risk averse and want to evaluate your business based on a standardized template that has lots of supporting detail. We will examine in detail what goes into a traditional business plan and also what you need to include in a one page business plan.
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How to Write a Small Business Plan
Startup Business Plan, What It Should Include - e-zaitaku.info
One of the key documents every entrepreneur needs when starting a small business is a business plan. When we think of a business plan, we tend to think of its traditional format. A traditional business plan is typically pages long and written years out into the future. This comprehensive, detailed document allows entrepreneurs to map out goals and milestones they plan to reach with their small business. It also gives entrepreneurs the chance to request capital and funding from prospective investors. Writing a traditional business plan, however, may not fit the needs of every entrepreneur. Some entrepreneurs may prefer to work with a less-intensive document.
IT startup business plan
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A business plan is a written description of your business's future. That's all there is to it--a document that desribes what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan.