Your plan shows how you will get from here to there.Related: 7 Steps to a Perfectly Written Business Plan You can visit our small business encyclopedia to learn more about business plans or our Form Net area to get the necessary forms to get started.
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Having a business plan is a must, whether your goal is to start a one-person freelancing business or a multi-million dollar enterprise.
However, if you are looking to start a simple product or service business as a sole proprietor or one-person corporation you don't need a 50-page business plan. A quick and easy one-page business plan templates can get you started.
For a one-page plan, the answers to questions should be one or two sentences.
How do you plan to grow the business and to what degree?
Video: What Investors Really Think About Your Business Plan.
At our Entrepreneur magazine Roundtable, financial pros offer tough talk about the business plans of first-time entrepreneurs: Related: What Investors Really Think About Your Business Plan Video: How Can I Hire Someone to Help Write My Business Plan?
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The company summary in a business plan—also known as the company description or overview—is a high-level look at what you are as a company and how all the elements of the business fit together.
An effective company summary should give readers, such as potential investors, a quick and easy way to understand your business, its products and services, its mission and goals, how it meets the needs of its target market, and how it stands out from competitors.