I have seen businesses start out with complex financial modeling, forecasts, projections and schedules, and big ticks in all the boxes from the Government Agencies who supposedly know something about starting-up. Despite all the planning they fail hard and fail fast.
Having a good look at your business plan (especially your Vision/Purpose) can be incredibly valuable as the first step. Closely examine what your intention is for your business, as well as its goals. If your vision is to be the most widely sought after lawn moving business in Sydney you may need to consider that there is a lot of competition out there and you will have to price your service accordingly.
A Business Plan is a document which outlines the targets and strategies for achieving the goals set for your business. Anyone who is serious about succeeding needs a business plan. It not only helps the business owner stay focused on the goals set for the business but it also shows interested parties including credit providers that a strategy has been put in place to give the business the best possible chance of being successful. So, what should be included in a Business Plan? Your Business Plan to stick to this format if possible:
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