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  • A Pen A laptop or desktop computer or tablet Microsoft Excel spreadsheet.
  • Although preparing a solid, comprehensive business plan will not guarantee success in raising funds or mobilizing support for your business, lacking one will always result in failure.
  • From the table of contents to the financial tables, a business plan covers a lot of ground.
  • A formal business plan is just as important for an established business, whether small or big, as it is for a startup.
  • This is the sole reason why I wrote this eBook.
  • Example of these tools are:
  • Like many successful businesses have done, you can launch your business idea without the benefit of a formal business plan—but this applies only if you have all the funds you need or you are just testing the business waters to see how it turns out.

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Determine who will be on the judging panel.