Simple Business Plan Template Now Available from Growthink

  

Developing a business plan has long been considered a "necessary evil" – something that an entrepreneur must do if he wants to get his business off the ground.

Business plans are especially important when raising capital. And raising capital is even more critical than most entrepreneurs often realize.

According to the Small Business Administration (SBA), the #1 reason that businesses fail is because they run out of money. Furthermore, the SBA found a strong correlation between developing a formal business plan and the long-term success of your business.

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