5 Keys to Writing a Great Business Plan

A well written business plan can make or break your business. With a good business plan, you will be able to attract investors, know what to expect from your industry, and be aware of the strategies and performance of your competitors.

Business planning

Every business plan has different sections, each of which have their own purpose as follows:

  • Executive summary – Places at the beginning of the plan, this is where you provide an overview of what your business is about.
  • Company description – Here you provide details on your business, your mission and vision, as well as your unique selling proposition (USP).
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Common Mistakes to Avoid When Writing a Business Plan

For years you’ve toyed with the idea of starting your own business. You’ve fancied yourself as an entrepreneur and you’re ready to make the move from a corporate pencil pusher to a business owner. You’re excited to get started and have found the inspiration needed to begin the process of transitioning out of the daily grind and into the excitement of small business ownership. The only problem, you don’t know where to start!

Business planning

Any small business owner will tell you that the first step to business ownership is writing a business plan. A clear and persuasive business plan provides you with a blueprint that will guide you in building a successful business.…

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