What Is A Business Plan?
According to investopedia.com, a business plan is “a written document that describes in detail how a business—usually a startup—defines its objectives and how it is to go about achieving its goals”.
Writing a business plan can be daunting. It can be so intimidating that entrepreneurs frequently ask the question, “Is this really necessary?”
Most prospective business owners accept that a business plan is unavoidable when seeking grants. Unavoidable when getting loans. Unavoidable when searching for investment capital. They often fail to realize that the biggest beneficiary is not a banker or an investor. It is their own business.
Understanding the market, the competitive landscape, and the financials associated with running a business are essential to ensuring business success. The knowledge gained by forcing yourself to answer the tough questions asked will impact the ultimate success of your business far more than the document itself.
If securing funding is your objective, a professional and polished business plan is a must. It might not seem fair, but investors will gauge your written business plan’s quality and style as an indicator of whether or not you are likely to be successful as a business owner. Your business plan will make a statement about both you and your business. You need that statement to be a positive one!
When it comes to business plans, Twebor provides multiple solutions from:
- Free templates for writing a business plan yourself
- Advice when you get stumped along the way
- Analysis and critique of your draft business plan
- Writing a business plan for you
Don’t let the fear get in the way of launching your dream business. Contact us today and see how we can help. The first consultation is always free. You have nothing to lose.
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