How To Write Business Plans

Our business plan included an overview on why we were making the move, the issues with the current business, the benefits of moving to a new platform, the potential issues during the move, the main task, added costs, and a timeline.It really covered everything we felt was the most important.

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Now that you’ve got an outline or a template in place, it’s time to fill it in.

We’ve broken it down by section to help you build your plan step-by-step.

As you make a list, your core values should start to emerge.

Once you know your values, you can pen a mission statement.

Your statement should explain, in a convincing manner, why your business exists, and should be no longer than a single sentence.

As an example, Shopify’s mission statement is “Make commerce better for everyone.” It’s the “why” behind everything we do and clear enough that it needs no further explanation.Whatever your reason for writing a business plan, the task will probably still feel like a homework assignment.When you’re starting a business, your to-do list is a mile long and filled with more immediately rewarding tasks, like taking product photos, creating ad campaigns, and opening social media accounts.Laying out a business plan helped us identify the ‘unknowns,’ and made it easier to spot the gaps where we’d need help or, at the very least, to skill up ourselves.”“We own a bricks-and-mortar and ecommerce jewellery business that moved from Magento over to Shopify.We created a business plan for the move, just as we did with our original website and ecommerce business.There are many reasons to write a business plan—it’s not solely the domain of entrepreneurs who want to secure funding to start or grow their business.A business plan can help you clarify your strategy, identify potential roadblocks, decide what you’ll need in the way of resources, and evaluate the viability of your idea or your growth plans before you start a business.Clarifying these details is still a useful exercise even if you’re the only person who’s going to see them.It's an opportunity to put to paper some of the more intangible facets of your business, like your principles, ideals, and cultural philosophies.This business plan was given to everyone working on the project, from the photographers to the marketing team to the developers. It worked pretty well the first time, and even better this time around.” Shopify Academy Course: How to Get Started on Shopify Looking for a guided tour of Shopify?Merchant Success Manager and entrepreneur, Samantha Renée, shares steps to customizing your shop, adding a product and making your first sale.

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