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These business plans are short—as short as one page—and have very little detail.If a company uses this kind of plan, they should expect to provide more detail if an investor or lender requests it.Any information about research and development (R&D) can also be included here.
Financial statements, balance sheets, and other financial information may be included for already-established businesses.
New businesses may include targets for the first few years of the business and any potential investors.
Although they're especially useful for new companies, every company should have a business plan.
Ideally, a company would revisit the plan periodically to see if goals have been met or have changed and evolved.
They also act as a means to get people to work with and invest in the business.
Although there are no right or wrong business plans, they can fall into two different categories—traditional or lean startup.
Then we start gathering information on your company, the sector, and so on.
We will perform desk research or hold interviews where information is missing.
Sometimes, a new business plan is prepared for an established business that is moving in a new direction.
A business plan is a fundamental tool any startup business needs to have in place prior to beginning its operations.