Hi there, how are you? In this video, we're going to go through each section of how to write a business plan. This video is structured as a template, so I'll guide you through each section and explain what you need to write in it. If you need more detailed information, I have a full course on this topic that covers each section in a more elaborate way. You can find a link to it in the video description on YouTube. However, this video should provide you with a lot of valuable information on its own. It will have a structured approach to creating a business plan template and you'll learn valuable tips along the way. So, let's get started! There will be 20 tips provided to help you with your business plan. The first tip is to understand what a business plan actually is. Many people are unsure if they need to write one or what its purpose is. Essentially, a business plan is an expression of your business strategy and the plan you have for executing it. Some may consider it an expression of their business model, which provides an overview of all the components of their business. It can be quite daunting, especially for first-time entrepreneurs, as it requires all the different parts of the business to work together effectively. Any changes made to one part of the plan can have an impact on the other parts, requiring adjustments. However, it doesn't have to be overly complex. Basically, it's an expression of your business model. Now, when should you have a business plan? Some may think they need to have one before starting a business, especially if they plan to present it to potential investors. However, I recommend having a business plan in two specific instances. The first is...
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