who start companies with a completed business plan:

• 36% obtained a loan.
• 36% received investment capital.
• 64% grew their business.

Of the people without a business plan:

• 18% obtained a loan.
• 18% received investment capital.
• 43% grew their business.

We’ll discuss the financial aspects of launching your startup company shortly, but clearly, you need money to start and operate a new business.

A proper business plan gives you a significant advantage.

So how do you make a business plan?

In simple terms, a business plan is the written description of your company’s future.

You outline what you want to do and how you’re planning to do it.

Typically, these plans outline the first 3 to 5 years of your business strategy.

The business plan needs to be the first thing on your list because you’ll use it to help you with some of the remaining steps.