If you want to start an e-commerce business in 2021, you need a plan. An e-commerce business plan will help you stay focused and think through your business set-up. Also, other investors, partners, or banks will want to know what you are doing with your business if you want to expand in the future making a business plan prudent.
It is wise to review your business plan on an annual basis or as things change. Markets can change quickly and you need to be able to adapt and change plans accordingly.
Below, I will go through a typical business plan template in relation to the e-commerce industry.