If you have decided to take your project to the next level and make it a formal business venture, a business plan would come handy. The offering of business plans and various templates on internet is huge. Most of them are offered on a commercial basis, i.e. for a fee. Is there a way around to get a free business plan? Well, yes, sort of. A few ideas are listed below:
1. Free resources
There are plenty of free resources, such as BBC´s How to write a business plan?
The Government of Australia, actually, put together a very easy introduction to writing a business plan and preparing a marketing study. How do I write a business plan?
Don´t miss a practical guide from the UK´s Business Link: Use your business plan to get funding. The site also provides ready excel spreadsheets for cash-flow planning. Great!
2. What the business plan is for?
Before you start spending your valuable time on writing a business plan, reflect about the ultimate objective of the business plan. What is it for? To raise funding? To help you plan your resources? To structure your ideas? etc. This is important, as many business plan templates assume that the business plan will be used to raise funding. Although this might be the case, very often a business plan can also serve as a strategic and planning instrument. Make the best use of the money and time that you are ready to invest in writing your business plan!
1. Free resources
There are plenty of free resources, such as BBC´s How to write a business plan?
The Government of Australia, actually, put together a very easy introduction to writing a business plan and preparing a marketing study. How do I write a business plan?
Don´t miss a practical guide from the UK´s Business Link: Use your business plan to get funding. The site also provides ready excel spreadsheets for cash-flow planning. Great!
2. What the business plan is for?
Before you start spending your valuable time on writing a business plan, reflect about the ultimate objective of the business plan. What is it for? To raise funding? To help you plan your resources? To structure your ideas? etc. This is important, as many business plan templates assume that the business plan will be used to raise funding. Although this might be the case, very often a business plan can also serve as a strategic and planning instrument. Make the best use of the money and time that you are ready to invest in writing your business plan!
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