HubSpot: What is a Business Plan? Definition, Tips, and Templates

HubSpot just released a insightful story:

In an era where more than 20% of small enterprises fail in their first year, having a clear, defined, and well-thought-out business plan is a crucial first step for setting up a business for long-term success. The business plan is an undeniably critical component to getting any company off the ground. It’s key to securing financing, documenting your business model, outlining your financial projections, and turning that nugget of a business idea into a reality. Business plans are a required tool for all entrepreneurs, business owners, business acquirers, and even business school students. But … what exactly is a business plan? In this post, we’ll explain what a business plan is, the reasons why you’d need one, identify different types of business plans, and what you should include in yours. Business Plan Template [Download Now] Working on your business plan? Try using our Business Plan Template. Pre-filled with the sections

Read the original here: What is a Business Plan? Definition, Tips, and Templates