Like the rest of your financials, this can always be updated later on. The well-considered and well-written business plan can be of enormous value to a company. While there are templates that you can use to write a business plan, try to avoid producing a generic result. A good business plan should outline all the projected costs and possible pitfalls of each decision a company makes.
According to the Small Business Administration , the traditional business plan is the most common. Startup companies use business plans to get off the ground and attract outside investors. Every startup and small business is unique, so you’ll want to avoid copying an example business plan word for word. You want your plan to be a useful tool for starting a business—and getting funding if you need it. For example, if you want to start a vegetarian restaurant, a plan for a steakhouse can … Read More