Think you have a great idea for a business? The best way to find out whether your idea is feasible is to create a business plan. A solid, well-researched business plan provides a practical overview of your vision. It can be used to ground your ideas into workable actions and to help pitch your idea to financial institutions or potential investors when looking for funding. The standard business plan consists of a single document divided into several sections for distinct elements, such as a description of the organization, market research, competitive analysis, sales strategies, capital and labor requirements, and financial data.
21 Free Sample Business Plans
Business Plan Forms
Are you an entrepreneur looking to turn your idea into a business? Do you have a business plan? There is some debate about whether new businesses need a business plan when just starting out, especially if they're not asking for money. According to Carl Schramm, author of "Burn the Business Plan," many large corporations didn't have business plans when they first started:. The U.
Example of a Business Plan for a Small Business
Last Updated: March 29, References. This article was co-authored by Michael R. Michael R.
This step-by-step guide describes why a business plan is so important, the key elements, and how to write an effective plan for your business. The secret is to keep it short and simple. Writing a business plan is easier than most people think - and to make it even easier, you can use our Business Planning Template PDF kB to guide you through the process step by step.