Includes all the financial tables a lender or investor expects to see. LivePlan asks you questions about your business, you plug in the answers. It's as easy as that. You'll get straight-forward instructions with examples on:.
Last Updated: November 2, References Approved. This article was co-authored by Helena Ronis. She has worked in product and the tech industry for over 8 years, and received her BA from Sapir Academic College in Israel in There are 16 references cited in this article, which can be found at the bottom of the page.
Whatever your reason for writing a business plan, the task will probably still feel like a homework assignment. A business plan is a roadmap describing a business, its products or services, how it earns or will earn money, its leadership and staffing, its financing, its operations model, and many other details essential to its success. Investors rely on business plans to evaluate the feasibility of a business before funding it, which is why business plans are commonly associated with getting a loan.
If you set a comprehensive plan in place early on, your organization can navigate leadership transitions and other unexpected events with ease. A successful succession plan involves several important steps, including identifying key positions, choosing qualified candidates and training promising employees. Related: How to Find Good Employees.