- June 17, 2021
- Posted by: Stratford Team
- Category: Business
Whether you’re starting your first business or your company is seeking funding, a business plan is essential for charting your path to success.
A well-written and researched business plan can act as a roadmap that outlines your plan for selling and marketing your products and services, making profits and growing over a period of three to five years. Your plan can also help position your company within the industry and set your business apart from competitors.
With the right tools and a little excitement, you can write a business plan. In this article, you’ll learn how to write a business plan in a step-by-step process.
1. Ask these questions
To get in the right frame of mind and gather necessary details for writing an effective business plan, ask yourself the following questions:
- Why do I want to start this business? What’s my reasoning or inspiration?
- How does my business stand out from the competition?
- What is my unique value…
