STEP 1: CREATE A BUSINESS PLAN
Your business plan should outline the basics about your company, product and services, your target market, business goals and your plans to reach those goals. We will discuss two specific formats: traditional and a simple one-page business plan.
•Traditional Business Plans are very comprehensive. They tend to be more detailed and lengthy, forecasting your business three to five years out. You would typically write the business plan if you're seeking a business loan or pitching your business idea to investors. Inside everyEvery traditional business plan, it will cover the following areas:
•One-Page Business PlanPlans ( often called a lean or one-page business plan) is aplans) are streamlined and brief business planplans that you can use as-is, or as a starting point for a traditional business plan. If you need to write a quick plan, or your company is straightforward, the one-page business plan might be a good option to start. The one- page business plan will cover the following areas:
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