As a business owner, you should have a business plan no matter what stage your company is in. It is a vital document that can help you grow financially, and as an enterprise in general. More than that, it is an evolving blue print as to how your company does business; one that should grow and develop as your business does. It can be used to secure financing, communicate visions and strategies to internal and external personnel, assist with selling your business, and more.
If you have yet to create a business plan, there are several sections that you should consider including. As outlined by the Canada Business Network, a thorough, successful plan should incorporate the following:
For more details on the above sections, visit Canada Business Network’s Writing your business plan. You may also want to take a look at some sample business plans and templates to gain a comprehensive understanding of how to create a quality plan.
Should you require assistance in the process of creating or updating your company’s business plan, do not hesitate to contact our team of business advisors and accounting professionals.
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