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If you're looking for more resources to help you get started, this guide on how to write a business plan is a good place to start.You can also download our free business plan template, or get started right away with Live Plan.How do you know what elements need to be included in your business plan, especially if you've never written one before?
For example, if you want to start a vegetarian restaurant, a plan for a steakhouse can be a great match.
While the specifics of your actual startup will differ, the elements you'd want to include in your restaurant's business plan are likely to be very similar.
But if you have miscalculated the potential, then your business plan could become a roadmap leading to failure.
Since the My Own Business Institute (MOBI) course is broken down into 15 of the most important topics to consider in starting or operating a business, your business plan can easily be organized into this same format.
But, you don't need an exact match for it to be helpful.
Instead, look for a plan that's related to the type of business you're starting.You want your plan to be a useful tool for starting a business—and getting funding if you need it.One of the key benefits of writing a business plan is simply going to through the process.But it is our recommendation that you be sole author of your plan. Keep in mind that creating a business plan is an essential step for any prudent entrepreneur to take, regardless of the size of the business.This step is too often skipped, but we have made it easy for you by providing this ready format to build your plan as you progress through this course.You can download the business plan template included in this session, fill it in and print.Search engines, libraries and bookstores provide sources that sell ready-made plans for specific businesses.For that to be true for your company, you'll think of part of your business planning process as tracking your actual results against your financial forecast on a regular basis.If things are going well, your plan will help you think about how you can re-invest in your business.Every startup and small business is unique, so you'll want to avoid copying a sample plan word for word.It just won't be as helpful, since each business is unique.