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We have plenty of in-depth articles here on Bplans about business planning, for example: why you should plan , what kind of plan you need , and how to prepare a formal business plan document. Business planning is simple and so worthwhile that a straight-forward guide was in order to help you through the basics. Start with a pitch to outline your strategy and the basic concept for your business. Do this quickly and keep it simple. Your pitch should include your key value proposition , an overview of the problem you are solving, your solution to the problem, a description of your ideal customers, and an overview of the competitive landscape. For more details, check out our guide to creating the perfect pitch. Validate the assumptions in your pitch.
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Ah, the infamous business plan. Naturally, every new business needs to follow a specific [plan] so that management can set goals and measure performance over time. Yet new entrepreneurs too often fall into the trap of just getting the business started and worrying about everything else later on.