Writing a business plan is an opportunity to carefully think through every step of starting your company so you can prepare for success.
This is your chance to discover any weaknesses in your business idea, identify opportunities you may not have considered, and plan how you will deal with challenges that are likely to arise.
You can subscribe to Kim's business growth tips by email, or connect on Linked In, Twitter and Facebook. In fact, if you're like a lot of entrepreneurs, you're probably going to find yourself pulling a few all-nighters to get one done before heading into your first pitch for funding.
Because that's the thing--your business plan is a pretty important.
When readers click on these links, and buy these products or services, Inc may be compensated.
This e-commerce based advertising model - like every other ad on our article pages - has no impact on our editorial coverage.It's an exploratory process in which you can evaluate your options, test your assumptions about your idea, and even discover new opportunities.It might even lead you to kill off aspects of your business before investing too much time or money in them.Its template, available as a PDF or Word download, asks a whopping 150 questions and is generic enough to customize for most types of businesses.The Refining the Plan resource that comes with it is helpful, especially if this is your first crack at writing a business plan.The article's content is entirely at the discretion of the reporter and editor.You will notice, however, that sometimes we include links to these products and services in the articles.Recently, I shared 18 Mistakes That Kill Startups, an infographic created by Mark Vital over at Funders and Founders.A lot of those mistakes (most of them, in fact) are the result of poor planning.For more than 100 years, Deluxe Corporation has sought to create the tools that help shape our economy.Since 1915, Deluxe has recognized the vital role that small business plays in our communities, from job creation to business development.