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Investors can not assess your financial requests without reviewing a proper business plan. A sound business plan is one of the key elements to secure your capital needs.

"The business plan is a necessity. If the person who wants to start a small business can't put a business plan together, he or she is in trouble," - Robert Krummer, Jr., chairman of First Business Bank in Los Angeles.

The primary value of your business plan will be to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects. Since this course is broken down into twelve of the most important aspects to consider in starting a business, your business plan can follow this same format. Included in this session and in each of the following sessions there is a sample business plan outline covering each subject. When you put these all together, you will have a starting model for your overall plan.

A business plan is an essential step for any prudent entrepreneur to take, regardless of the size of the business. This step is too often skipped, but we make it easy for you by providing a format to build your plan as you progress through this course.

Business plans can vary enormously. Libraries and bookstores have books devoted to business plan formats. But this of course is a place to start. You can then go on from here to design one that would be ideal for your particular enterprise.

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