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What should be included in a business plan?
A business plan is a document that contains the operational and financial plan of a business, and details how its objectives will be achieved. It serves as a road map for the business and can be used when pitching investors or financial institutions for debt or equity financing. Debt vs Equity Financing Debt vs Equity Financing - which is best ...
Do you need a business plan to start a business?
You’re already investing time and energy in planning your small business—there’s no need to reinvent the wheel when it comes to formatting your plan. Instead, to help build a complete and effective plan, lean on time-tested structures created by entrepreneurs and startups who have come before you.
How to create a simple business plan template?
There is also room to list out a timeline of key activities. Use this simple business plan outline as a basis to create your own business plan. This template contains 11 sections, including a title page and a table of contents, which details what each section should cover in a traditional business plan.
Are there any limitations to using a business plan template?
Below are some limitations of using a business plan template: Each business is unique and needs a business plan that reflects that. A template may not fit your needs. A template may restrict collaboration with other team members on different aspects of the plan’s development (sales, marketing, and accounting teams).
Last Update: Oct 2021
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