Well-written business plan plays a vital role for making business a success. If you start without a business plan, you can't achieve the set goals. But still, entrepreneurs, who tend to be people of action, too often start their business venture without preparing a written plan outlining the essence of the business.
You should begin by writing down the answer to the very basic question, "What business am I in?" This may sound elementary, but answering this question with thought and consideration will help you focus on the major purpose of the business, which leads to establishing goals and objectives. In turn, these serve as aids in creating strategies, policies, and procedures. Every small business should have policies concerning credit, customers, product lines, image, prices, advertising, and so on. It is important to plan in writing; otherwise, the planning function either is ignored altogether or is conducted too informally.
Sample Business Plan template has all the important points needed to produce an excellent business plan. You can download it in Excel, PDF and JPEG formats for free. The download links are at the end of the post.
You should begin by writing down the answer to the very basic question, "What business am I in?" This may sound elementary, but answering this question with thought and consideration will help you focus on the major purpose of the business, which leads to establishing goals and objectives. In turn, these serve as aids in creating strategies, policies, and procedures. Every small business should have policies concerning credit, customers, product lines, image, prices, advertising, and so on. It is important to plan in writing; otherwise, the planning function either is ignored altogether or is conducted too informally.
Sample Business Plan template has all the important points needed to produce an excellent business plan. You can download it in Excel, PDF and JPEG formats for free. The download links are at the end of the post.
