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As you get started with your small business plan, explore these additional business planning tools to see how you can streamline the process even further.One mistake many small business owners make is creating a business plan because they are told they need one, and then completely forgetting about it.
You can download our business plan template and guide to assist you to complete your plan.
If you are thinking about starting a small business, you most likely already know what a business plan is and have heard that you need one.
That brings us to the second business plan format — the simple or one-page business plan.
A one-page business plan is a streamlined and brief business plan that you can use as-is or as a starting point for a traditional business plan.
A traditional business plan typically includes the following sections: The not-so-great news is that a traditional business plan takes a long time and an immense amount of research to complete.
The good news is that not every business needs a traditional business plan.After all, how can you get your business launched and thriving without any type of written plan to help you?Some of the reasons you need a small business plan that may apply to you include: So, you know you need a business plan.There are many reasons why you need a business plan, although these reasons vary by the type of business you are starting and how you intend to use your business plan.But the common thread for all businesses is that a business plan is necessary.Creating a business plan will take you undivided time and attention, but there are business planning tools available to help streamline the process, many of them available for free.There are templates available, including a simple business plan template and a traditional business plan template.Once you have business plan created, consider it an internal tool you use on an ongoing basis in your business, updating it as necessary so it remains current.Remember that the most effective small business plans are those that are used as a living document in the business to help guide decisions and keep your business on track.Effective business planning can be the key to your success.A business plan can help you secure finance, prioritise your efforts and evaluate opportunities.