Published at Wednesday, May 09th, 2018 - 09:06:17 AM. Template. By Jan Chapman.
Enables you to review the business as a whole as well as each important segment. Enables you to spot strengths and weaknesses. You can use these to leverage opportunities and far more importantly, decide on how you are going to cope with threats. You can then prepare contingency plans and measures to deal with the situation. Help you to spot the areas that need to be beefed up possibly with the help of outside expert opinion. Provides the basis for taking important long-term decisions such as applying for business loans, recruiting your key people and planning for infrastructure and facilities.
To write your Business Plan, you have two choices. One is to hire a financial professional to do the plan for you, or you could do it yourself. If you decide to do it yourself there is a short cut you can take that will save you a lot of time and money. And that is to use a Business Plan Template. A good template will allow you to customize your plan to your particular situation. You may need to delete certain sections that do not relate to your idea, and you may need to add certain sections.
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