Starting a business can be a daunting undertaking. As with so many large projects, one of the most difficult challenges is just getting started, and one of the best ways to start is by putting ...

Creating a business plan is the first and most crucial step to building a successful company. “A business plan is important because it communicates to everyone involved in the organization what the ...

Ask financial advisors if business planning is important, and most will say, “yes, of course.” Then ask if they have a business plan. If they do, ask whether they refer to it frequently and use it to ...

A business plan is a document entrepreneurs produce to lay out a full description of the financial standing, operational plans and earning potential of an enterprise. The purpose of such a business ...

But the odds are greater that those entrepreneurs will fail. Does a business plan make startup success inevitable? Absolutely not. But great planning often means the difference between success and ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Writing a business plan not only helps you stay on track as ...

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Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.