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A Business Plan can be used to build the framework for your new or existing enterprise, and to set goals for your business. It can also be used by your startup as a way to present your ideas, sales projections, and plans for achieving your objectives to potential investors for funding purposes.
#9 – Print and Distribute Flyers. Flyers remain a simple but very effective way to publicise and advertise your business. They usually work best for small businesses that target customers within a particular area (such as university campuses, residential estates, offices and industrial areas).
You don’t need an MBA, a business plan or even employees. All you need is a product or service that springs from what you love to do anyway, people willing to pay, and a way to get paid.
You can also use your completed business plan to discuss next steps with a mentor or counselor from an SBA resource partner such as SCORE, a Small Business Development Center (SBDC) or a Women's Business Center (WBC). Complete each section of SBA's Business Plan Tool at your own pace. A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it.
If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan. Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business operates to make a profit.
Note: If you do not carry on the activity to make a profit, you must report all of the gross income (without deductions) from the activity on Form.How to make a small business plan free