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How to Write a Business Plan from Discover Business.

SBA Business Plan Basics Step by step instructions for creating a business plan from the SBA.

Investment, long-term sustainability or some other valuation you Select those markets that have the greatest potential for Are there opportunities to sell to governmentĪgencies, clubs and user groups or business to business? Under-served markets with pent-up demand in your area? You mayĬreate a market niche by supplying the products and services theyĬan’t find elsewhere. Then consider identifying your target markets. Population is 100,000, then you can expect 3,000 potentialĬustomers. Percent of the national population uses the product and your local It may be a good idea to becomeĪpply the national statistics to your local demographics. Provide membership or vendor lists, although this information is Publish trade magazines, newsletters or e-letters. Look for an association that provides statistics.

Get started now by logging in or registering for a new account.Virtually any industry you can imagine has a professionalĪssociation that gathers data and processes it into useable

Once you save your information and move to a new section in the business plan, a checkmark will appear in the numbered section menu at the top of the screen denoting when each section is complete. Your information will be saved for up to six months after your last login date.ĭuring the step-by-step process, this tool will update the status of your business plan. Save your work at any time and pick up where you left off the next time you log into the tool. You can also use your completed business plan to discuss next steps with a mentor or counselor from an SBA resource partner such as SCORE, a Small Business Development Center (SBDC) or a Women's Business Center (WBC).Ĭomplete each section of SBA's Business Plan Tool at your own pace. Not only can you save your plan as a PDF file, you can also update it at any time, making this a living plan to which you can often refer. All of your information entered into this tool can only be viewed by accessing your account using the password you have specified. SBA's Business Plan Tool provides you with a step-by-step guide to help you get started.

A well thought out plan also helps you to step-back and think objectively about the key elements of your business venture and informs your decision-making on a regular basis. The business plan generally projects 3-5 years ahead and outlines the route a company intends to take to reach its yearly milestones, including revenue projections. Are you interested in starting a business? Creating a business plan is one of the most important steps you will take because the plan serves as your road map for the early years of your business.