Appendix: A Detailed View of How to Write a Business Plan*

Writing a business plan is the most important facet of starting a business.

AFTER YOU HAVE your big idea, the very next thing you should work on is your business plan. As we’ve seen, the business plan has several purposes. It captures your ideas on paper and keeps track of the steps you’ve taken or will take to start the business. It’s also a major requirement in acquiring financing for your business. No one will want to help you start your business unless you can convince them that your plan will keep your business from crashing soon after takeoff.

Below, you will find a detailed guide for writing the sections that make up a basic business plan. We’ve written it with a funding request ...

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