by This interactive module’s goal is to provide you with
with the resources, guidance, and inspiration
You need to draft a business plan.
A business plan is crucial if you’re starting a new venture because it compels you to consider all of your possibilities and ideas. You will understand a lot of things as you go through the strategy. As an illustration:
- The market research required to determine whether there is a market for your goods or services
- The resources (financial and otherwise) required to produce your goods and services
- How long will it probably take to break even and begin turning a profit, and so forth?
Put another way, creating a business plan compels you to evaluate the likelihood of your business model’s longevity and consider it logically and methodically. Doing this ahead of time is far preferable to discovering later on that your business plan was unachievable!
We’ll provide you with some incredibly
helpful templates to assist you assess
the financial feasibility of your project, such as:
- Excel template for cash flow
- Calculator for break-even
- Template for a business plan
- Calculator for chargeable hours
- Survey Questionnaire
This module, which asks the essential questions to enable you to determine the viability of your idea fast, is dubbed a “quick start” business plan. Should you believe that it is, fill out the extensive SCORE Business Plan Template for a Startup or Business Plan Template for an Existing Company.
After completing this session, get in touch with a SCORE mentor to discuss how to improve your business plan and ensure that all pertinent business issues are covered.
