Wednesday, October 28, 2009

Small Business Plan

Before you write your business plan you should think first about what you are going to include in your business plan. The length of your business plan is depend ant on the size of your business and the objectives you want to achieve. On average it should be between 10 to 100 pages but this may vary depending on the operations of your business.
A simple concept will be expressed in fewer words than when you are writing about a startup business which is a new concept which you will have to explain and elaborate on your concept. The length will also be determined by the purpose of your business, its intended use and audience.
When you write a business plan to seek funds from investors then you will have to explain more to the financiers what you intend to do with the money unlike when you write for the purpose of using it in the business for growth and development. When you intend to use it for internal purposes, management team experience and behavior may be excluded.
When writing a business plan you are writing for either a startup business or an established firm. For a startup business these is an entrepreneur seeking funds for a new business venture from financiers or investors. Established firms prepare plans to seek funds for growth of the business. It may also be written to communicate the mission and prospects of the business to creditors, customers and investors. It should be detailed enough to set realistic results and be useful.

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