I wrote this guide because — even in 2019 — much of the online advice on business planning is misleading or flat-out wrong.
A business plan for strategy focuses on ensuring you have the right strategy (marketing strategy, operations strategy, HR strategy, etc.) to grow a successful company.
When you add the need for funding to this, you must also spend time convincing funding sources why your company will succeed.
And it must validate that financially it makes sense.
For example, while you might be able to get a million people to pay you $20 for a new computer, but if you can’t manufacture the computers for significantly less than $20, the business isn’t viable.
I say this not to brag, but to assure you that much information online about business plans is false.
Below you will find correct answers to the most common business plan questions.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.Importantly, the written sections of your business plan support your financial projections.For instance, the Industry Analysis section must prove that your market size is large enough to support your success.It required me and my company to spend 20 years writing thousands of business plans to really know what works. Keep reading below and soon enough, you’ll be printing out a professional business plan for your company!Below you’ll learn how to develop the best business plan with information including: You’ll also be able to download multiple business plan templates and see sample business plans. As you may recall, we have written thousands of business plan for clients for over 20 years.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.If you are seeking outside funding or are looking to grow your business to the next level, it is also time to create a business plan.There are several types of business plans, but they are all similar.