Start Your Business

A business plan is a living document that will change over time as you and your business grow, develop new goals, and adapt to new business needs.

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There are several benefits to having a business plan:

• It helps keeps you accountable to your business goals – focusing on the bigger picture rather than just being reactive to day-to-day situations.

• It helps you tell your business’ story – what your product or service does, why it matters, and how you plan to make it a success.

• It's almost always necessary when you’re seeking capital. Whether you’re seeking funds from bankers, loan officers, venture capitalists or other investors, these individuals will be interested in learning about how your business operates, its current financial state, how you are bringing in new customers, and how you’re looking to grow.

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Business plan formats are just as unique as the many different businesses that create them, and there are different types of business plans depending on your goals.