The roadmap gives you and your team a clear path to follow.
It keeps you focused and improves your odds of reaching the goals you’ve set.
This business plan template and guide is the result of 20 years of research into the types of business plans that help entrepreneurs and executives raise funding and build thriving companies.
It’s primarily for those who have never created a business plan, but there’s plenty of advice for those who have written one or many plans before.
A business plan is important in that it serves two core purposes; it provides 1) financial validation and 2) serves as a roadmap.: With regards to financial validation, your business plan gives a strong indication, to both you and outside funding sources, as to whether your venture will be financially successful.
Your financial projections, if completed properly (more on this below), allow financing sources to calculate whether you’ll be able to repay your loan or provide an appropriate Return on Investment.
I wrote this guide because — even in 2019 — much of the online advice on business planning is misleading or flat-out wrong.
I can’t blame bloggers for it, because many of the facts herein are not widely known.
For example, there are 3 types of business plans depending on the goal of your plan.
These three types are for funding, for strategy, and for both.