Always remember that you may not use every answer in writing your business plan, but they could be very helpful when you update your plan as your new business grows. In other words, include all the topics you need to convince the supporter that you can be trusted to effectively deliver the services and make the best use of their support, that you have the resources to deliver on your promises, and (if needed) that you have a plan for the longevity of the program.
Serving as a tool to clearly outline and delineate your company and its objectives, having a business plan benefits your employees and partners while also creating confidence with investors by showing them that they will definitely see a return on their investment with you.
It contains important information including its registered name, address of any physical locations, names of key people in the business, history of the company, nature of the business and more details about products or services that it offers or will offer.
If you’ve previously worked in a similar business, or have experience running another business, this will help provide confidence that you are in a good position to start up. Even if this is all brand new to you, think about any transferable skills you’ve developed, life experiences you’ve had or training you’ve completed that may be useful.
One of our happy customers summed our offering up right: LivePlan is like hiring an expert consultant combined with a professional designer coupled with a financial wizard.â€ Here’s the guarantee: your plan’s financial tables and charts will be error-free and your final plan will look polished, customized to your needs, and ready to impress investors, business partners, banks and SBA-lenders.