Having complete control over the numbers and the business plan has been instrumental in being able to raise funds from investors.
Being able to go online and pull up the numbers directly in front of investors really impresses them. When I started developing my business idea, I needed a business plan.
Timothea Xi has been writing business and finance articles since 2013.
She has worked as an alternative investment adviser in Miami, specializing in managed futures.
As a blueprint mapping out the future trajectory of a business, a business plan is indispensable to the budding entrepreneur.
Templates abound online, giving you a quick peek inside a real or hypothetical business plan in your industry.Some business plan samples distill the key elements of the business plan, while others tackle each section individually.Some resources tailor your search to specified criteria, instead of inundating you with plans that may not be relevant to you.A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it.If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of one. You start here, today, with certain resources and abilities.You plug in your industry, occupation, revenues for the past 12 months, location and other specifics, and the site generates a template for your needs.You have the choice of downloading a more formal version of the template, professionally formatted for the serious investor, as well as posting your completed business plan to the site.Overall, it's a helpful resource to aid in completing a business plan.The financial section of your business plan is the most important and essential part, Learn about how to write a financial section with an example of various financial statements like Income statement, cash flow, balance sheet, and breakeven analysis.Small business organizations offer a centralized venue for finding a variety of plans.For a concise spin on the traditional business plan, the 0 Startup offers a one-page business plan based on answers you supply to a series of questions.