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If you have an idea for a startup company but not sure how to get started with a business plan, I’ll help you out. Instead, identify who you are and when you plan on going into business.
These are: The table below lists the important elements of a business plan and offers some simple points that need to be taken into consideration in regard to each section.
It is worth noting that these points are by no means exhaustive and are meant to serve only as examples.
Take it from me: as someone who has founded several startup companies, I know what it takes to be successful in this space.
Before you start seeking legal advice, renting office space, or forming an LLC, you need to put your thoughts on paper. You’ll also be able to share this plan with others to help you get valuable feedback.
But as you continue going through your market research, you can get even more specific.
You can target customers living in New England, for example.
The table is intended to provide you with a simple format upon which to base your business plan.
The format provides you with a framework for presenting your thoughts, ideas and strategies in a logical, consistent and coherent manner.
In other words the business plan format helps you to clarify your own ideas and present them clearly to others.
That’s great news, and you should be excited about it.