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Here’s what a couple of entrepreneurs said when we asked them how useful writing a business plan was for their business.“We had a marketing background, but not much experience in the other functions needed to run a fashion ecommerce business, like operations, finance, production, and tech.There are many reasons to write a business plan—it’s not solely the domain of entrepreneurs who want to secure funding to start or grow their business.A business plan can help you clarify your strategy, identify potential roadblocks, decide what you’ll need in the way of resources, and evaluate the viability of your idea or your growth plans before you start a business.To define your values, think about all the people your company is accountable to, including owners, employees, suppliers, customers, and investors.
It's an opportunity to put to paper some of the more intangible facets of your business, like your principles, ideals, and cultural philosophies.
As you make a list, your core values should start to emerge.
Once you know your values, you can pen a mission statement.
Here are some of the components you should include in your company overview: Some of these points are statements of fact, but others will require a bit more thought to define, especially when it comes to your business’s vision, mission, and values.
This is where you start getting to the core of why your business exists, what you hope to accomplish, and what you stand for.