How do you write a small business plan? This is a common question for many aspiring business owners.
There are many different types of business plans and they can range in size from a few sentences to hundreds of pages. According to the United States Small Business Administration, business plans generally project 3-5 years ahead and outline the route a company should take to grow revenues. For improved readability, business plans should be broken down into sections.
To start, include these eight elements in your small business plan.
8 Steps to Making a Successful Small Business Plan
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Once all of this information is recorded, writing your business plan will be quick and easy. If appropriate, include an appendix to organize your plan and make it easier for readers to find certain topics. Also, be sure to update the business plan on an as-needed basis so that it’s always current with market trends.