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Even broken into sections, it's a long document and a bit of a slog to get through, but it produces a professional-looking and useful business plan.This is particularly helpful if your idea isn't fully fleshed out and you know you have homework to do--it prompts you for information.
Recently, I shared 18 Mistakes That Kill Startups, an infographic created by Mark Vital over at Funders and Founders.
A lot of those mistakes (most of them, in fact) are the result of poor planning.
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You will notice, however, that sometimes we include links to these products and services in the articles.
Who said a business plan has to be a long, complicated document?
Some funders are going to want to see a lot of detail, but you can provide that in appendices.It's an exploratory process in which you can evaluate your options, test your assumptions about your idea, and even discover new opportunities.It might even lead you to kill off aspects of your business before investing too much time or money in them.Any funder worth his or her salt wants to see it right off the bat.Moreover though, a solid business plan is a living document that will continue to guide your efforts as your business grows.Jumpstart your business plan by downloading our free business plan template in Word format.Used by over 500,000 entrepreneurs, our investor-approved template will save you time and make the business planning process much easier.Its template, available as a PDF or Word download, asks a whopping 150 questions and is generic enough to customize for most types of businesses.The Refining the Plan resource that comes with it is helpful, especially if this is your first crack at writing a business plan.The SBA's template is available to fill out online and then download as a PDF.You can go back in and edit it as needed, so don't worry about having everything ready the first time you sit down to tackle it.