Business Plan for a Startup Business - Albert Lea EconomicBusiness Plan for a Startup Business - Albert Lea EconomicBusiness Plan for a Startup Business - Albert Lea Economic
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Business Plan for a Startup Business
The business plan consists of a narrative and several financial worksheets. The narrative template is the body
of the business plan. It contains more than 150 questions divided into several sections. Work through the
sections in any order that you want, except for the Executive Summary, which should be done last. Skip any
questions that do not apply to your type of business. When you are finished writing your first draft, you’ll
have a collection of small essays on the various topics of the business plan. Then you’ll want to edit them into
a smooth-flowing narrative.
The real value of creating a business plan is not in having the finished product in hand; rather, the value lies
in the process of researching and thinking about your business in a systematic way. The act of planning helps
you to think things through thoroughly, study and research if you are not sure of the facts, and look at your
ideas critically. It takes time now, but avoids costly,