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A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business. It’s a way to think through the key elements of your business.
10 steps to start your business; Plan your business. Market research and competitive analysis; Write your business plan; Calculate your startup costs; Establish business credit; Fund your business; Buy an existing business or franchise; Launch your business. Pick your business location; Choose a business structure; Choose your business name ...
Download. Last updated August 24, 2023. This example business plan is provided by the Small Business Administration.
Our Business Planning Guide is easy to use and contains templates you can follow. Our “How to Write a Business Plan” course, offered through the SBA Learning Center, will show you how to plan, outline, and develop your own business plan.
write an accurate and complete business plan. Use free SBA tools to aid your research. 2. Prepare a draft business plan. Doing it is the only way you will learn. It doesn’t have to be perfect, long or complete. Prepare the parts of the plan that you can. 3. Discuss your draft plan and any questions you have with a business mentor, coach,
Identify your startup expenses. Most businesses fall into one of three categories: brick-and-mortar businesses, online businesses, and service providers. You’ll face different startup expenses depending on your business type. There are common startup costs you’re likely to have no matter what.
Your business continuity plan should: Identify and document critical business functions and processes; Organize a business continuity team; Evaluate recovery strategies; Get more help with creating a business continuity plan at Ready.gov.
The IRS guide on preparing your business for a disaster. The Federal Emergency Management Agency (FEMA) emergency preparedness checklist and toolkit. Focus on disasters that pose a realistic risk to your small business.
Think of your business plan as a roadmap to success. It’s a living document that should guide you through the startup stage and prime your business for successful growth. It can also help you obtain funding by highlighting why your business is a valuable investment.
Market research blends consumer behavior and economic trends to confirm and improve your business idea. It’s crucial to understand your consumer base from the outset. Market research lets you reduce risks even while your business is still just a gleam in your eye.