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Learning how to write a business plan not only leads to a great blueprint for running a company, it forces you to take a good look at how your business needs to be run.
Don't "oversell" your company with inflated financial projections and pumped-up sales figures.
Businesses that have invested in young companies have been around the block a few times and have a general understanding of what's realistic.
While some would say having a business plan is an absolute must, others would argue that you can get started and be successful without one.
I think the answer lies in how confident you are in your idea and how organized you are in terms of executing it.
The goal here is to explain what your company does and why it will be successful.
Include a company mission statement (i.e., what your ultimate goal is as a business, in just a sentence or two.) This section leads off the main portion of your business plan.
If you already have a clear plan in your head along with the steps you need to take and the means to take them, you may not see the need to create a 20-page business plan.
On the flip side, if your idea lacks clarity and you are considering seeking out funding from others sources, it would be best if you came up with a solid business plan.
One missing comma or one misspelled word may be taken by readers as a sign of sloppiness.
Hire a professional business writer and copy editor to make sure you have a clean and error-free business plan - good writing and editing will get noticed by readers, and in a positive way.