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This is an easily digestible, much shorter version of your normal business plan.
If other businesses, whether they’re in the same industry or not, have successfully implemented a comparable strategy, it adds credibility to your own proof of concept.
An in-depth business plan will contain lots of useful information and will likely end up being much more than ten pages.
As you put the business plan together, you’ll have the chance to really conceptualize and evaluate your strategy.
You’ll build proof that your idea makes both financial and logistic sense.
The tone you use throughout your business plan has a significant impact on how the reader perceives your business.
Generally, you want to maintain a clear, authoritative tone.
Even if your business is in a casual industry, you want the business plan to remain formal.
Most importantly, ensure that your business plan is easy to read by keeping everything concise and avoiding technical jargon that someone outside your industry might not understand.
Once you start working to get your business off of the ground, a strong business plan guides and helps you stay on-track.
Business plans come in all shapes and sizes, but you can generally whittle them down to three key versions.