The 12 Key Components of a Business Plan (2023)
Entrepreneurs who create business plans are more likely to succeed than those who don’t. Not only can a sound plan help your business access investment capital but—as the study found—it can even determine the success or failure of your venture. Here are the critical components of a business plan to help you craft your own. What is a business plan? A business plan is a document outlining your business goals and your strategies for achieving them. It might include your…