A business plan helps you to: clarify your business idea spot potential problems set out your goals measure your progress.
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Your business plan shows how you will get there. Lending naturally involves risk, and a great business plan can help lenders understand and quantity that risk, increasing your chances for approval. 2.
Business plans can help you get funding or bring on new business partners. Investors want to feel confident they’ll see a return on their investment. Your business plan is the tool you’ll use to convince people that working with you — or investing in your company — is a smart choice.
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Planning what you want to do in your business is an important part of making your business a success. A business plan is your roadmap, guiding the direction your business takes, and helping to keep you on track and measure your success. This section provides you with a business plan template and takes you step-by-step through the process of.
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