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Business Model Canvas. Business Plan for a Startup Business. The business plan consists of a narrative and several financial worksheets. Business Plan for a Startup Business.
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Business Plan for a Startup Business • The business plan consists of a narrative and several financial worksheets.
Business Plan for a Startup Business • The real value of creating a business plan is not in having the finished product in hand; rather, the value lies in the process of researching and thinking about your business in a systematic way.
Why Prepare a Business Plan? Your business plan is going to be useful in a number of ways. • First and foremost, it will define and focus your objective using appropriate information and analysis.
Why Prepare a Business Plan? • You can use it as a selling tool in dealing with important relationships including your lenders, investors and banks.
Why Prepare a Business Plan? • Your business plan can uncover omissions and/or weaknesses in your planning process.
Why Prepare a Business Plan? • You can use the plan to solicit opinions and advice from people, including those in your intended field of business, who will freely give you invaluable advice.
Components of a Business Plan • Cover Page • Table of Contents • Executive Summary • Business Description • Product or Service Description • Competitive Advantage • Marketing Plan • Management Team • Operational Plan • Financial Projections • Appendices