A Business plan is mainly used to ensure their success no matter what the situation. In fact, a business plan is required in order to become certified and then approved for any loans needed to start your business. But it’s not only about satisfying those who are funding you, a business plan gives you a clear idea of how things need to be done, and what options are possible. It should most importantly include a comprehensive plan called Project management. Project management is a career field of its own and even has a name for a method involving sustainability. PRiSM (Projects integrating Sustainable Methods) is a structured project management method developed to align organizational sustainability initiatives with project delivery. By design, PRiSM is a repeatable, practical and proactive methodology that ensures project success while decreasing an organization's negative environmental impact. The methodology encompasses the management, control and organization of a project with consideration and emphasis beyond the project life-cycle and onto sustainability. Hopefully one day all business plans will require such ethics. But for now it remains only about money. As the business owner you want to ensure success in that you will yield a profit, or at least break even. As a bank loaning the money to start said business, they want to ensure success in that the loan will be repaid in a timely manner. There are many free business plan templates readily available to download in a variety of formats all over the internet. This makes it easy to find out just what a lender or the SBA will be looking for in your business plan. Your business plan should include a summary of what your business does, how it has developed and where you want it to go. In particular, it should cover your strategy for improving your existing sales and processes to achieve the growth you want. You also need to make it clear what period the...
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