A good business plan does more than just inform readers about what your company does, how you earn money, or what you want to do. It persuades the reader that your company is awesome, gets them excited about the opportunity to get involved, and makes them want to help you succeed.
But how do you write a good business plan? You probably didn’t go to business school and if you’re a first time founder, it can be really hard to figure out how to do something so technical. But don’t worry! This guide will walk you through how to answer the most important questions about your business and show you the best ways to illustrate them. We’ve also thrown in some additional resources you can turn to for help.
There are 14 important sections of a business plan. But that is by no means an excuse to write out your entire life story on paper. The average business plan should be around 15 pages — no more than 20.
In the past, the average business plan was anywhere from 40 to 100 pages, and guess what they found out? No one was reading all of that. So don’t let important information about your company get lost in a jumble of words. Investors look for founders who can provide the most value in the least amount of time, and your business plan is a great indication of that ability.
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