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Business Plan Accountant Help
A well written business plan is going to help your business years down the line.
A business plan isn’t just a tool for business startups and to secure support – financial or otherwise. Your business plan sets the tone for future aims and objectives.
In simple terms, a business plan is a collection of your business idea, alongside an explanation of what its objectives are, and how you plan on making it succeed.
In many cases, business plans are created to secure finances from lenders that will support a business idea, or just to put pen to paper in setting out a long term plan for your business.
From a timing perspective, a business plan does not always have to be created in the startup stage. In many cases, you may find yourself developing a business plan in the middle of your venture.
In terms of length, a business plan can be as short or as lengthy as you want it to be, however, it requires certain components in order to make it bonafide and worth anything for your business.
A business plan requires certain components in order to make it bonafide and worth anything for your business.
You will find many templates on the internet for how to write a business plan, but at the heart of it, they tend to comprise of the following key components.
- An Executive summary
- The product/service description
- Market research and its USP.
- Financial value and projections
- Investment(s) required
- Marketing – the 4 Ps
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