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Sometimes, investors or lenders only read through the executive summary before deciding whether or not your business is worth funding.It's important to be passionate but clear, and backup your enthusiasm with hard data.For these reasons, the Deluxe Corporation Foundation provides financial support to nonprofits that help entrepreneurs and small business owners succeed.
The length and contents of your business plan largely depends on what you need it for.
An investor-ready business plan will look different from a business plan that is for internal use only.
It normally contains information about your company, your products and services, a marketing plan, and financial projections. You can use it to help with your day-to-day operations.
Many people use it to pitch to venture capitalists and banks for additional funding.
While there are many different kinds of business plans, most of them have the same core elements.
Our tried-and-tested business plan template follows a concise yet complete format with these sections:We'll quickly go through the details of each section.
Business plans can be anywhere from a single page to 30, 40, or even 100 pages depending on the complexity.
Contrary to what you might think, you don’t need to start your business plan from scratch.
Writing a business plan is an opportunity to carefully think through every step of starting your company so you can prepare for success.
This is your chance to discover any weaknesses in your business idea, identify opportunities you may not have considered, and plan how you will deal with challenges that are likely to arise.