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If you have made the decision to open a small business then you are aware that you need to write a business plan in order to start your dream of owining your in action. The keys to writing successful business plan in to remember that your business plan will develop and evolve over time just like your business, so that chaning something about your plan is always an option. In order to do this you need to make sure that you understand serveral things before you write the business plan.
First you need to understand your audience and funding type. You need to determine who will be reading your business plan. What type of funding are you going to be asking for? Each type of funding that you will be asking for has pros and cons and you need to address each issue. Proposals are around fifteen-thirty pages which means that are excpeted to account for every little issue you could think of in your plan.
You also need to have a clear idea of your business outline. The business outline should be highly detailed and comperhensive. This step should be complete before writing the actual plan, but will be included as part of the plan. Along with having a plan for your business you should have experience working in the field you will be entering as a way to prove why you think your business will do well. If you have no experiece working in the field you are entering then you should compensate by having done research by published authors relating to your subject.
Money will always be the main concern for those you are investing from. They need to know that you know exactly how and where you are going to be spending the money that they are giving you. You should have a clear analysis as to where the money will be going. Outlining exactly what costs will be deligated would be the best way to display your financial analysis.