Writing a Professional Business Plan: The Dos and Don’ts

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Name Product: Writing a Professional Business Plan: The Dos and Don’ts
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Author: My New Enterprise

Learn to write a full business plan to better your chances of receiving funding and increase your knowledge for success.

Many successful entrepreneurs never write a formal business plan. However, they do create a vision for the future; they do set goals regularly; and they do structure their time to achieve their goals – they just don’t write a formal 30 page document. So why do most colleges and universities offer a course in business plan development? Here are eight great advantages we see in creating a longer and more complete plan:

It is essential for raising money from banks, angel investors and venture capital groups. No one will give you money without a professional, well thought out business plan.
It forces you to answer questions that will expand your knowledge of your market, competitors, business model, management team, marketing strategies, and financial plan.

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