Business Plan
- Do I need a business plan?
- What is included in a business plan?
- Will the SBDC write the business plan for me?
Do I need a business plan?
Yes. A business plan is the resume for your business. It provides information about your company and its industry, describes a marketing plan, details an operations plan and projects the financial needs of the business. It helps you allocate resources properly and make informed decisions. It provides specific and organized information about your company and how you will repay borrowed money. A thorough, well-written business plan is crucial to obtaining financing. Additionally, it can tell your sales personnel, suppliers and others about your operations and goals.
What is included in a business plan?
The business plan describes an entrepreneur’s idea or a company’s past and current operations and then demonstrates how the request for an investment or loan will enhance the company goals and reward the investor. However, the most important function of the business plan is to communicate your goals and guide your company. Below is a basic outline for a business plan. Show/Hide Outline
Will the SBDC write the business plan for me?
No. The SBDC will assist you in developing and reviewing a business plan. However, it is important that you write your business plan yourself. Writing a business plan forces you to think through issues that you may not have considered otherwise. The SBDC does offer workshops and on-line training courses that will assist you in writing your business plan.
