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4 Reasons Why A Business Plan Is Important

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❶In fact, there are numerous articles online claiming that the business plan is dead or irrelevant. A business plan is a communication tool that you can use to secure investment capital from financial institutions or lenders.

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Inspiration and information for women entrepreneurs
1. To raise money for your business

Ellevest is an investment platform for women. Many small business owners use business credit cards. Note that these sites receive compensation from credit-card companies. Rewards-Based Crowdfunding Kickstarter is the platform that popularized crowdfunding in the U. Indiegogo is an international crowdfunding site, co-founded by a woman in , that empowers ideas and enables people to donate funds easily.

Plum Alley is a crowdfunding platform that caters to female fundraisers exclusively. Start Some Good is a crowdfunding platform for nonprofits and social entrepreneurs seeking to raise funds and grow communities of supporters. It also helps startups find and recruit potential employees.

EquityNet is a crowdfunding platform for startups and mature businesses that want to raise equity capital from accredited investors. Entrepreneurs can also use EquityNet to analyze and optimize their business plans before they engage investors. CircleUp allows anyone to invest and hold stakes in innovative U. Portfolia is an investment platform through which investors can make small investments and diversify over six to nine startups. Investors can be as involved as they want with the companies in which they hold stakes.

WeFunders an equity crowdfunding platform that enables anyone to invest in startup companies. BBG Built by Girls Ventures is an early stage fund investing in internet and mobile startups with at least one female founder.

DBL Investors chooses companies that can deliver top-tier returns and enable social and environmental benefits. Golden Seeds also provides training in angel and venture investing. The Pipeline Angels is an investing bootcamp for women philanthropists, offering three main components: MedVenture Associates invests in new medical technologies and the entrepreneurs developing them to elevate the next generation of medical practice. Back to Top Microfinance Organizations Microfinancing is the practice of extending small loans to individual borrowers who have traditionally lacked access to credit.

The main groups are: Accion is a private, nonprofit organization that issues microfinance loans to communities throughout Africa, Asia, Latin America and the U. Grameen America is a not-for-profit microfinance organization that provides financial services to low-income entrepreneurs in the U.

Kiva is a nonprofit online lending platform connecting lenders to entrepreneurs all over the world. It also offers financial tools and training to empower entrepreneurs to build businesses, support their families and transform their communities. Supportive spaces for future female STEM employees and entrepreneurs. Helpers and community builders for LGBT business owners.

Instead, it offers a business plan template fit for the real would-be entrepreneur. Where most templates assume all businesses are uniform, Copyblogger's model is designed to get to the heart of what entrepreneurs need to know to start a business: Simply copy and paste the template, created by Sonia Simone, co-founder and chief content officer of Copyblogger Media, and you're good to go.

Are you the visual type? Based on the principles of the Business Generation Model Strategyzer app, this template uses sticky notes to help you craft an out-of-the-box business plan. You create your plan by separating a single page into different sections or columns, such as company information, value proposition and customer segments. Write down your ideas or responses on a sticky note, and then stick it on the corresponding section.

You can also color-code the sticky notes for better organization. Then, if your plans change, you can easily remove a note, move it around or add new ones to better fit the direction in which your business is headed. Financials are often the most confusing and difficult aspect of a business plan for new business owners.

Like other services, Enloop uses an online interface to automate your business plan's creation. To get started, users enter basic information about their businesses, including product details. From there, Enloop's software uses metrics to predict the financial performance of the company compared with other similar companies in the same sector. Created by The One Page Business Plan Company , this simple template covers only the key areas entrepreneurs need to address to start a business: Unlike complicated business plans, boring blocks of text are not required — bullet points will do.

Greg Go, co-founder of online finance community Wise Bread, is a big believer that entrepreneurs who are just starting out don't need lengthy business plans. What they need, says Go, is an "internal working plan" to get started. They include internal and external factors and divide the process into positive and negative influencers. Companies of all sizes carry out SWOT analysis on their business to see where they fit into the marketplace.

Practicing doing a SWOT analysis sample teaches you to construct the vital information needed to make informed decisions about the direction your company is going, or needs to go now, or in the future. Gliffy provides various templates that you can download that provide an assortment of ways to structure your SWOT analysis. You Need to Know This: Are you a first time investor?

You may want to get some guidance before you know your way around the These female entrepreneurs are breaking barriers, transforming industries and inspiring change on the continent. Go through our collection of free sample business plans — we have one for almost every industry. Business Plan Categories Travel and Transport Sector Find 11 sample business plans here to launch your travel or transport business.

Business Plan Format Guide Food and Farming Find 7 sample business plans here to help you launch your food or farming business. Medical and Health Care Find 2 sample business plans here to help you launch your medical or health care business. Non-Profit Organisations Find 2 sample business plans here to help you launch your non-profit organisation. Online Business Find 2 sample business plans here to help you launch your online business. Personal Services Offering any dry cleaning home delivery service has to first start with a detailed business plan.

Services Businesses Find 5 sample business plans here to help you launch your services business. Professional Services Find 13 sample business plans here to help you launch your professional services business. Publishing and Media Are you looking to start your own magazine?

Real Estate Find 8 samples business plans here to help you launch your real estate business 3. Restaurants and Bars Find 10 sample business plans here to help you launch your restaurant or bar business. Retail Find 3 sample business plans here to help you launch your retail business. Sports and Fitness Find 10 sample business plans here to help you launch your sports and fitness business. You must be logged in to post a comment Login Leave a Reply Cancel reply You must be logged in to post a comment.

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The classic business plan writer is an entrepreneur seeking funds to help start a new venture. Many, many great companies had their starts on paper, in the form of a plan that was used to convince investors to put up the capital necessary to get them under way.

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Nov 09,  · Studies show that writing a business plan helps entrepreneurs in a number of ways, including improving their odds of successfully developing a new product, organizing a company, accessing external capital, obtaining raw materials, obtaining sales, and surviving over time.

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LivePlan has quickly become a recognized online business tools resource to help budding entrepreneurs every step of the way, from the planning stages to launch. Like other services, LivePlan allows business owners to craft perfectly formatted plans. The answer is: Yes, you need a plan. But, no, you may not need a page, structured, traditional business plan. In almost every case, having a business plan of some sort will help your small business succeed. A business plan gives you direction, helps you qualify your ideas and clarifies the path you intend to take your business.

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A business plan helps entrepreneurs see the risks and responsibilities involved in starting a business. T Since a new business has not yet made a profit, a financial plan should not be included in . Sample business plans can be very helpful in providing a format for you to build your business plan on. 21 Free Sample Business Plans | Entrepreneur Writing a business plan can be a daunting process.