This option can save you time and get you up and running faster. Some experts recommend starting with a business model canvas: a one-page document that covers the critical information you need to get started. Parts of it will most likely change as you learn more about your market and grow your company. Keep in mind that your first business plan isn’t final.
The good news is you’ve already done some of the work by tackling the steps above. Writing a business plan can be a daunting prospect. Nearly 70% of people who already own a small business recommend writing a business plan before moving forward with your business idea, but 13% of prospective business owners say writing a business plan isn’t among their priorities.
