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.
Larry Kim is the CEO of Mobile Monkey, a chatbot building platform for marketers that enables mobile messaging between businesses and customers via Facebook Messenger.
He’s also the founder of Word Stream, the World’s top PPC marketing software company. It's definitely not the most exciting part of starting a business.
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.Any funder worth his or her salt wants to see it right off the bat.Moreover though, a solid business plan is a living document that will continue to guide your efforts as your business grows.These articles are editorially independent - that means editors and reporters research and write on these products free of any influence of any marketing or sales departments.In other words, no one is telling our reporters or editors what to write or to include any particular positive or negative information about these products or services in the article.The SBA's template is available to fill out online and then download as a PDF.You can go back in and edit it as needed, so don't worry about having everything ready the first time you sit down to tackle it.A well-written business plan can help convince investors or lenders to finance your business.After you complete the 11 worksheets, you will have a working business plan for your startup.Who said a business plan has to be a long, complicated document?Some funders are going to want to see a lot of detail, but you can provide that in appendices.