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A killer business plan can help you turn it into a successful business.Creating a well-crafted business plan is no easy task, however.
You'll need to not only flesh out your idea, make some educated guesses and have a deep understanding of the different aspects of running a business — before you even start one.
Figuring out how to do this correctly is hard enough, but there are several tools available to make this arduous task a little bit easier for would-be entrepreneurs.
The $100 Startup's One-Page Business Plan is one such business plan template. Small business resource SCORE has a collection of free PDF and Word business plan templates for startups, established businesses and even nonprofits.
Simply answer a few questions like "What will you sell? " and "How will customers learn about your business? The organization also offers additional types of business planning resources and templates, such as financial projections, market research, sales forecasts, SWOT analysis and more. offers a wide range of them for all types of businesses, including retailers, online businesses, service providers, restaurants and more.
You can find them as downloadable sample business plans that you can copy and modify to fit your business, or as fill-in-the-blank or question-and-answer forms.
There are also different types of business plans: simple business plans that cover the essentials, comprehensive ones that cover every aspect of a business, and those designed for a specific purpose, such as to raise funding or find business partners.
When you think about it that way, you will quickly realize that every entrepreneur has a business plan in one form or another.
The problem often comes when people start thinking of a business plan as a long, boring, academic-type document that can only be written and used by Ivy League graduates who truly understand corporate mumbo-jumbo.
Dale has over 5 years of experience writing for some of the most well-known digital marketing sites.
He focuses on actionable marketing strategies and tactics for small businesses that help them reach the customers they deserve. In its rawest and simplest of forms, a business plan is a guide; a roadmap of sorts that allows entrepreneurs to clearly outline their business goals and how they intend to achieve them.