Writing A Business Plan The Basics

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You should include a profit and loss account, a cash flow forecast and Balance Sheet and even a break-even analysis.

Before you physically start writing your business plan, you need to spend some time doing in-depth research into your industry and market.

This is important regardless of whether you have previous experience in that particular industry.

You can use the Internet, industry experts and associations, suppliers and existing competitors for the information.

After all, some entrepreneurs succeed without writing a business plan.

With great timing, solid business skills, entrepreneurial drive, and a little luck, some founders build thriving businesses without creating even an informal business plan.

You can simply click each of the template links below to open now, or right click your mouse to save for later use.

A basic business plan outlines the answers to questions about your intentions such as: Here's the basic structure in summary from the downloads above: It's best to write this last after you've prepared the rest of your plan because this is simply a summary of the whole plan.

As your market is made up of customers describe their characteristics.

You also need detailed information about your competitors and why you'll be able to take market share from them.

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