December is the perfect month to start updating your business plan for the coming year.
It’s fairly common knowledge that every new startup should have a business plan in place before “launching” their business or asking for financing. This plan should include tangible goals, a statement of financial projections, a strategy to complete those goals, and an estimated timeline for these goals. Your business plan is something that will not only help you and your team stay on track and motivate you, but is also required by lending institutions or investors as a prerequisite of financing approval.
A typical business plan
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