This article is part of our " Business Planning Guide " —a curated list of our articles that will help you with the planning process! What is a business plan? In its simplest form, a business plan is a guide—a roadmap for your business that outlines goals and details how you plan to achieve those goals.
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The tips in this article will help you get started with goal setting for your business, focus on the specifics of what you hope to accomplish, and start to put your plan into action. 02 30Minute Goal Setting .
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May 11, 2017· If you are starting a business from scratch it's likely that you will need to seek financial support to get it up and running, and cover the initial costs. In order to make a funding application to a financial institution you will need a clear business plan as well as detailed financial information.
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Step 1 – Write a Business Plan Yeah, yeah, you know you should write a business plan whether you need to secure a business loan or not. The thing is, a business plan doesn't have to be encyclopedic and it doesn't have to have all the answers.
Depending on your chosen business structure, may need to register your business with the state authorities. Setting up your small business may require an employer identification number (EIN) which is also used by state taxing authorities to identify businesses.
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