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Your business plan is the foundation of your business. Learn how to write a business plan quickly and efficiently with a business plan template.
10 steps to start your business; Plan your business. Market research and competitive analysis; Write your business plan; Calculate your startup costs; Establish business credit; Fund your business; Buy an existing business or franchise; Launch your business. Pick your business location; Choose a business structure; Choose your business name ...
Last updated August 24, 2023. This example business plan is provided by the Small Business Administration.
Use your startup cost calculations to get startup funding. It’s a good idea to create a formal report of your expected startup costs. You want it in a format that’s clear and easy to understand. Investors and lenders compare expected costs to projected revenue and determine the potential for your business to profit.
Competitive analysis helps you learn from businesses competing for your potential customers. This is key to defining a competitive edge that creates sustainable revenue. Your competitive analysis should identify your competition by product line or service and market segment.
10 steps to start your business; Plan your business. Market research and competitive analysis; Write your business plan; Calculate your startup costs; Establish business credit; Fund your business; Buy an existing business or franchise; Launch your business. Pick your business location; Choose a business structure; Choose your business name ...
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