In addition to creating a business plan to use for getting startup financing, there are other good reasons to create a plan. Use a business plan template to look at all the areas of your most standard businesses. The template will help you make sure all areas are covered, so your startup goes more smoothly. Small business expert Amanda McCormick suggests looking at five key assumptions to make sure you are ready to start and they will help you be more confident of success. Probably the most important thing you can do with your business plan is to use it to build your startup business. Small business expert Susan Ward suggests creating goals for each section of your business plan and making an action plan to achieve each one of those goals.
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Write your business plan
Last Updated: November 2, References Approved. This article was co-authored by Helena Ronis. She has worked in product and the tech industry for over 8 years, and received her BA from Sapir Academic College in Israel in There are 16 references cited in this article, which can be found at the bottom of the page. This article has been viewed , times. A business plan refers to a written document that comprehensively outlines what your business is, where it is going, and how it will get there.
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Last Updated: May 6, References Approved. With over 15 years of experience in accounting, Keila specializes in advising freelancers, solopreneurs, and small businesses in reaching their financial goals through tax preparation, financial accounting, bookkeeping, small business tax, financial advisory, and personal tax planning services. Keila spent over a decade in the government and private sector before founding Little Fish Accounting. There are 19 references cited in this article, which can be found at the bottom of the page.
To fix that, try a six step process: first, identify key stakeholders. Second, identify a specific, very important key stakeholder: your target customer. Third, figure out what these stakeholders want from you. Fourth, figure out what you want from them.