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What Should Your Business Plan Include?

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Your business plan should be detailed enough so that readers can understand what the business does and how it will go about doing it, but not too long or detailed that they will get lost in the minutia.

There are as many opinions on what should be included in a business plan as there are advisers, but Sample 5 is an example of critical information that should be included. Note also that you may alter your basic business plan depending on the reader. For example, a bank may be interested in very different information than a key employee. Be prepared to tailor your plan to different groups of readers.

At first, the sheer volume of the information required for this document may overwhelm you, but take it one piece at a time. All of this information should be thought about and planned out before you open your doors. It may take several months for you to gather and plan the information. The more upfront planning you do, however, the more probability of success you will have.

Finance & Grow Your New Business

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