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How to write a business plan (template): 10 steps, 5 tips, and examples

In association with. Tips for preparing a business plan.

Choose the type of business plan that works for you — you may like to have a document, or a business canvas might work better. Keep it short, simple and easy to understand. Keep your goals realistic and relevant to what is going on in the economy and in your industry.

Writing a Business Plan For Success – A Fool-Proof Guide

Contact Stats NZ to get useful business data. Do a SWOT analysis to determine your strengths, weaknesses, opportunities and threats.

Ask your advisor or mentor to review your plan and give you feedback and suggested improvements. Call Stats NZ toll-free on Use this free template to help you write a great plan for launching your new business. Implementing your business plan. Reflect your goals in the day-to-day operations of your business. Make it clear these goals are the top priority for the business. SWOT your business, and your competition. Opportunities Think about the external conditions that will help you achieve your goals. Read full Close.

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Review your business plan. Stay on top of industry trends and stay connected with your customers — this will help you stay ahead of any changes needed in your business. Update your business plan with any changes affecting your business or industry. Common mistakes.

How to Write a Business Plan in 8 Simple Steps

Not being able to clearly articulate your business and the value it offers to customers. Making assumptions about your customers rather than speaking with them.

Bill Gates's Top 10 Rules For Success (@BillGates)

Not reviewing and monitoring your business plan. Setting unrealistic or uninformed targets. Subscribe to our newsletter Sign up to the business. Subscribe form Email required. Rating form How helpful was this information? Additional comments. Related content More More. Research your market.

Search articles and tools. Business plan template. What does our kit include: Blank business plan template with financial appendix, including a user guide and glossary.

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An example business plan. Instructions and how-to articles.

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8 Steps to Writing a Business Plan