F.A.Q and Answers about Business Plans

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  1. Do I really need a business plan?

This is one of the most frequent questions up-and-coming entrepreneurs ask themselves. Out of various reasons, the vast majority of them consider they do not require a business plan because their company is in the early stages of development, it is a small company or … (fill in the blanks)

  1. I own a small company and I am the sole proprietor. In this case, do I need a business plan?

First of all, this depends on whether you need and want to receive funding from a financial institution or from a private investor. If this is the case, the business plan is a tool …

  1. If business plans are so important why it is that so few entrepreneurs actually do them?

The answer to this question is, to some extent, determined by our human nature: it’s easier to postpone or avoid doing certain things that require time and effort. In addition…

  1. What is the structure of a business plan and which are the most important aspects included in it?

The structure of a business plan is the second most important element after determining the audience for whom you are writing the business plan. The structure of the business plan should be established before you start…

  1. Do I need a consultant when creating a business plan?

When it comes to hiring a business consultant to help you write a business plan, people take into account one of the two following scenarios: On the one hand, some business people strongly consider that hiring an external expert is extremely useful because he brings all his expertise to the table, while also offering new perspectives that can add value to the business plan. On the other hand, some entrepreneurs consider that…

  1. How many pages should a business plan have?

The length of a business plan can vary anywhere from 10 to 100 pages. The length of the business plan is related to the purpose why it was created and the audience for which it is intended. A business plan for external use will place emphasis on…

  1. What are the most frequent mistakes made when writing a business plan?

There are a number of mistakes most up-and-coming entrepreneurs make when they start writing their business plan. Among these we find…

  1. How do I start writing my business plan?

Writing a business plan can be an overwhelming task. This is why entrepreneurs face major problems when they have to decide when and how they show start writing a business plan. Normally…

What other questions related to business plans do you have?

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