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You can use BDC’s free business plan template to guide you as you write your plan.The Canada Business Network also offers a guide to writing your business plan as well as good examples of industry specific business plans.
BDC's article "How to write an effective business plan" provides a brief outline of the key elements of a plan.
You can also read our article on common mistakes to avoid when building your business plan.
Setting goals for your business will help you to get your team focused and taking action to achieve your vision.
Your goals can deal with every aspect of your business plan.
A properly formulated plan can help you gain the confidence of lenders, investors and other stakeholders.
As such, it should show you’re committed to your business and have the skills, knowledge and confidence to achieve your goals.Ink Seal is a group of highly-experienced technical and business plan writers and consultants based in Toronto, Ontario, Canada.Our team is capable of providing an endless sea of writing, marketing and design services for all types of companies and creative projects within a wide range of industries.To elicit their interest, you need to be able to pitch potential investors, lenders, partners and customers on your business in the time it takes for an elevator to go up a building.To be successful, your pitch needs to be clear and concise, stand out from the crowd and be tailored to your audience.Secondary sources will consist of statistics and trends about your market and your customers.The websites of Statistics Canada and Innovation, Science and Economic Development Canada are good places to obtain this data.Your business plan has to be backed by facts and research to hold up to scrutiny.You should gather this information using both secondary and primary sources.Periodic updates will be required due to changes in the company’s direction, strategy or the market in which it operates.VSP can also assist with managing the wealth associated with a private business, enhancing the value and saleability of the company and share valuations which may be required for many different reasons as the business evolves.