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You want your plan to be a useful tool for starting a business—and getting funding if you need it.One of the key benefits of writing a business plan is simply going to through the process.Get unlimited access to our productivity partner ecosystem, with app integrations for Communication, Workflow, Project Management, CRM, Productivity, Education, Media & Design, Finance, e Signature, and Marketing solutions.
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When you sit down to write, you'll naturally think through important pieces, like your startup costs, your target market, and any market analysis or research you'll need to do to be successful.
You'll also look at where you stand among your competition (and everyone has competition), and lay out your goals and the milestones you'll need to meet.
Looking at a sample plan's financials section can be helpful because you can see what should be included, but take them with a grain of salt.
Don't assume that financial projections for a sample company will fit your own small business.
If you find that you're not meeting goals, you might need to adjust your budgets or your sales forecast.
Either way, tracking your progress compared to your plan can help you adjust quickly when you identify challenges and opportunities—it's one of the most powerful things you can do to grow your business.
It can also help persuade others, including banks, to invest in what you are creating. List whether you have sales reps, your availability for outreach on demand, and your source of mobility.
Specify the product, source of it, and people in need of the product.