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Consider these general pointers as you create
your business plan:
• Be prepared to spend weeks or months planning
your business and preparing your plan.
• Aim for a plan that is brief and succinct, but
includes everything important to the business.
• A business plan is a living document.
• Update the plan as your knowledge grows and
your strategies become more concrete.
• Do not make vague or unsubstantiated statements.
• Back up your statements with underlying data and
market information.
You may need two sets of business plans, one
internal, and one external. To be an effective
management tool, internal business plans usually are
more detailed than those presented externally.
More information on developing business plans is
available from provincial government departments,
the federal government, business service centres,
chartered banks, libraries, universities and consulting
companies. See the Sources of Assistance section on
page 53.
More information on the elements of a business
plan, including a business plan template, is available
at www1.agric.gov.ab.ca/$department/deptdocs.nsf/
all/agp4957