Starting a new business or aiming for an expansion entails a good deal of planning. It involves valuable resources that should not be wasted should the venture fail. Good business planning aids any business owner as it helps to maximize resources as it prevents mistakes. Any prospective business owner will gain from a thorough business plan as well as the owner who plans to expand soon.
The simple business plans format below should guide you through the process of planning your business. It also serves as a checklist to ensure you cover everything in the business aspect for successful planning and implementation.
- 1. Executive Summary
Every business plan starts with an executive summary. While this section is the last thing you write, it is the first thing that any investor, lender or partner will read. The executive summary highlights the very important points in your overall business plan in about…
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