Tasks, to-do lists, meetings, and more. Amidst that rush, the idea of writing a good business plan—much less following a business plan template—often feels time-consuming and intimidating. After all, when done right, business plans have enormous payoffs. And yet, more than 1 in 10 prospective business owners said they do not intend to write a business plan. Bplans worked with the University of Oregon to compile and analyze research around the benefits of business planning. It communicates who you are, what you plan to do, and how you plan to do it.
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Business plans guide owners, management and investors as businesses start up and grow through stages of success. A business owner or prospective business owner writes a business plan to clarify each aspect of his business, describing the objectives that will anticipate and prepare for growth. Savvy business owners write a business plan to guide management and to promote investment capital. Types of business plans include, but are not limited to, start-up, internal, strategic, feasibility, operations and growth plans.
A successful business plan makes a difference between getting your business idea off the ground or never being able to take the flight. In a nutshell, the ability to write a business plan will convince investors that your idea is worth it, which is easier said than done. But there are multiple options to choose from.
Toptal is a marketplace for top business plan consultants and experts. Top companies and start-ups hire freelance business plan consultants from Toptal for their mission critical projects. He enjoys working with officers of early stage and mature small-cap firms.