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    No one will take your start-up idea seriously without a business plan. A business plan precisely defines your business, identifies your goals and serves as your firm’s resume. Its basic components include a current and pro forma balance sheet, an income statement and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make the right decisions. Because it provides specific and organized information about your company and how you will repay borrowed money, a good custom business plan is a crucial part of any loan package. Additionally, it can tell your sales personnel, suppliers and others about your operations and goals.

    A good business plan outlines a game plan, will make sure everyone is on the same page, will help you avoid mistakes, and is essential to securing a small business loan. We work with you to create a comprehensive business plan and help you apply for an SBA Microloan.

    Choose a Custom Business Plan Format

    When it comes to writing a business plan, there is no right or wrong way. The chosen business plan should meet your needs.

    Business plans often fall in one of the two categories

    • Lean start-up business plans
    • Traditional business plans

    Lean start-up business plans are less common than traditional business plans. This plan focuses on summarizing the key elements of your business plan. Lean start-up business plans can be completed in as little as one hour and are typically one page in length.

    Traditional business plans are more common, use a standard structure and encourage the writer to go in detail. These plans require a lot of work, are comprehensive, and often run in dozens of pages. A traditional business plan is often requested by lenders and investors.

    Traditional Business Plan Format

    If you are extremely detail-oriented or want a comprehensive business plan, you will prefer a traditional business plan over its counterpart.

    When writing a business plan, don’t get overwhelmed. Instead, take a deep breath and use the sections of the business plan template that make the most sense for your business and requirements.

    Lean Startup Business Plan Format

    If you are eager to start your business quickly, have a relatively simple business, or plan to refine your business plan regularly, you may prefer a lean startup business plan format.

    Lean startup formats use only a handful of elements to describe your company’s infrastructure, value proposition, finances, and targeted audience. These formats are useful for visualizing tradeoffs and fundamental facts about your venture.

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