Nice and highly recommend to read.The essentials of a Business Plan
Starting a business is a great experience. There’s coming up with the business idea, executing the plan, and the euphoria from watching your project come to life. But there’s also a lot of hard work going on behind the scenes related to funding, market research, personnel planning, and a whole host of other concerns.
Potential investors, partners and even clients may want to see documented evidence of your decision regarding these issues, before putting money into your business; and a business plan provides that documented evidence.
But what if you’re funding your own business? Or already have all the partners you’re taking on? What if you don’t even need any additional clients at the moment? Would a business plan still be worth the time and effort to hash out? The answer is a resounding yes – here’s why.
1. Challenges the Plausibility of your Business Idea
Ever notice how often…
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