A
business plan is a written description of your business's future, a document
that tells what you plan to do and how you plan to do it. If you jot down a
paragraph on the back of an envelope describing your business strategy, you've
written a plan, or at least the germ of a plan.
Business plans are inherently strategic. You start here,
today, with certain resources and abilities. You want to get to a there, a
point in the future (usually three to five years out) at which time your
business will have a different set of resources and abilities as well as
greater profitability and increased assets. Your plan shows how you will get
from here to there.
Before
Writing Your Plan
- How Long Should Your Plan Be?
- When Should You Write It?
- Who Needs A Business Plan?
- Why Should You Write A Business Plan?
- Determine Your Goals and Objectives
- Outline Your Financing Needs
- Plan What You'll Do With Your Plan
- Don't Forget About Marketing
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