The resulting document can serve as the blueprint for your business and be supplied to financial institutions or investors if debt or equity financing is needed to get your business off the ground pros of using a business plan template a good business plan template can help you get your thoughts organizedit can provide a guideline so youre not stuck looking at a blank page trying to . For key insights on the why when and how to create a business plan and emerging alternatives for startups versus small businesses see my forbes article on how to create a business plan there . Entrepreneurs know that the first step to starting a business is gathering data doing the research and coming up with a business plan fill it with deadlines projections statistics achievable . An entrepreneur is a person who owns a small business and staffs it as needed to meet customer needs small business management and entrepreneurship can be similar entrepreneurship means that a business owner will focus on creating a market for his her products or services based on a business plan
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