Business Plan
A Business Plan provides the foundation for a business proposal for potential investors. It includes the goals of a new company or venture along with expectations about its performance and how those goals will be achieved.
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Frequently Asked Questions
A Business Plan has numerous benefits, regardless of the size of your business. A disciplined approach to the business creation sets a good precedent when the time comes to grow your business and helps you clearly define your goals and keep you on track. Moreover, it provides a structured analysis of the challenges you might face and how to deal with them.
Think of a mission statement as the answer to the question: what is the purpose of my business? It’s a way to simply and quickly articulate what your business is about to someone who hasn’t heard about you before. It can be an invaluable tool to entice investment partners as well as clients.
The capital requirements of your business refer to your business’s financial needs to purchase any necessary business components as well as to fund day-to-day operations. The capital requirements should explain how much money your business needs to function, a justification for why it needs the money, and how your business intends to pay back any financial commitments from investors.
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