Guide to writing a simple business plan

What is a business plan?

A business plan is a written document that describes an idea for a product or service and how it will make money. It includes your marketing plan as well as estimates for revenue, expenses, and how to make a profit.

A well thought out plan will give potential investors and you an understanding of your business strengths and weaknesses, enabling you to identify present and future potential. Your plan should not be written solely to obtain financing from your family, friends, investors or a bank. The most important reason for writing your business plan it to create an essential business management tool.

If you live in Los Angeles visit the Small Business Administration to get a FREE consultation

Do I need one?  ABSOLUTELY!

A business plan is like a roadmap. It allows you to plan out the various aspects of your business on paper, and keeps you from making unnecessary mistakes later on. It helps an entrepreneur think about the costs associated with starting a business and show banks that you are serious about your idea. DOWNLOAD THIS PDF from the Small Business Administration Business Plan Guide 2016. You can also Make a Business Plan Outline A simple, one page outline that you can utilize to complete a rough draft of your business plan. Business Plan Outline

Business start up checklist

A checklist of the basic areas you need to cover before opening your business.
Business Start Up Checklist

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