Creating A Small Business Plan

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Your small business plan is an essential tool that will help you obtain funding and keep your company on track for future growth.

A business plan should project about three to five years into the future and will be something you will revise as your company changes and grows and as do your objectives.

This written document is one of the most important pieces you need for starting a small business.

When you create a business plan, the market analysis section of your document should provide an accurate description of the market you are in or will be entering.

Narrow your market down to a manageable target and provide information about who your primary customers will be and what distinguishes them.Be truthful but highlight the excellence your company provides.Go to the Market For an investor to fund you, your company has to provide a product or service that is needed in the market.Your business plan allows potential investors to evaluate your current business and your projections for the future.Investors will decide whether or not to offer funding based on the plan, so it needs to be detailed and realistic, but should be written to convince them that you are worthy of their money and will be successful. The plan is also a tool for you as you grow your small business.This is the first section of your business plan and is the first thing anyone will read, but it is the part you should write last since it summarizes the information in all the other sections.It should include your mission statement, a brief history of the company, examples of how the company has grown or improved, a description of the services or products you offer, a brief summary of your current financial situation, and the projections you are making for the future.If you have done R&D or plan to do some, include information about that.If you own trademarks, patents, or copyrights, mention those.In addition to certain guarantees provided by law, Legal Zoom guarantees your satisfaction with our services and support.Because our company was created by experienced attorneys, we strive to be the best legal document service on the web.


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