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If you're looking for more resources to help you get started, this guide on how to write a business plan is a good place to start.You can also download our free business plan template, or get started right away with Live Plan.But, you don't need an exact match for it to be helpful.
If you find that you're not meeting goals, you might need to adjust your budgets or your sales forecast.
Either way, tracking your progress compared to your plan can help you adjust quickly when you identify challenges and opportunities—it's one of the most powerful things you can do to grow your business.
To be fit for every purpose, your plan should be straightforward – it should set out where you’re going, how you plan to get there, what makes you different and what could get in the way – with full costings for as much of it as possible. Hit your business’s key points hard: Why are you here? Where are you heading – and how will you get there?
An executive summary will help any readers quickly grasp the main points of your plan.
Bplans offers more than 500 free sample business plans in a wide variety of industries.
If you're looking for a tool to walk you through writing your own business plan step by step, we recommend Live Plan, especially if you're seeking a bank loan or outside investment and need to use an SBA-approved format.
For that to be true for your company, you'll think of part of your business planning process as tracking your actual results against your financial forecast on a regular basis.
If things are going well, your plan will help you think about how you can re-invest in your business.
When you sit down to write, you'll naturally think through important pieces, like your startup costs, your target market, and any market analysis or research you'll need to do to be successful.
You'll also look at where you stand among your competition (and everyone has competition), and lay out your goals and the milestones you'll need to meet.