CHAPTER 2

Business Planning, Startup Research, and Feasibility

Your Business Plan Is Living, Breathing, and Everchanging

The Premise

Your business plan is more than a one-off document. Your business plan is you. It speaks of you, about you, and for you. It can help you manage the development and growth of your business and shape how outsiders see you.

Conventional Thinking

Conventional opinion is that a business plan is created so that everybody can understand what you are doing and how you are going to do it. That is a very broad-based definition. The truth is that a plan must play to an audience and must be specifically tailored to elicit a reaction from within your company and management team, or from outside parties such as investors, bankers, ...

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