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What can you do with a business plan?
One of the central uses of most startup business plans is for raising investment funds. A business plan conveys what the new company needs and convinces others to help fund its growth. For banks, lenders or investors, the business plan shows them the who, what and how of the business operations.
How big should a business plan be for a startup?
Considered a basic business principle for startups, business plans are helpful for all kinds of companies. For example, a plan for a startup might be a simple one or two-page document, sometimes referred to as a lean plan.
Do you need to create a Master business plan?
Create a master business plan, one kept up to date based on your company’s activity. You can then tailor that plan to a specific request or need without having to recreate it from scratch. Contrary to popular belief, business plans don’t need to be thousand-page documents. The critical factor is that they meet the needs of your business.
Last Update: Oct 2021
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22.10.2021 01:51
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