Your business plan is the document that describes your organization's current status and plans for several years into the future. It's the blueprint for your business -- A comprehensive planning document which clearly describes the business developmental objective of an existing or proposed business. The business plan is a essential when applying for assistance in SBA's 8(a) or lending Programs. The plan outlines what and how and from where the resources needed to accomplish the objective will be obtained and utilized. In a nutshell, the business plan should clearly explain the what, why, when, who and how of the project. It explains the vision, current status, expected needs, defined markets, and projected results of the business. It is a comprehensive explanation of the opportunity, the people involved, the money required to implement the plan, where it will come from and what financial results the opportunity is likely to produce. In this newsletter, five reasons you might need a business plan.

-- Todd Sanders, Sanders Business Solutions & Business Planning Associates

When starting a new business, you need both operating and startup capital, and without a well developed plan, you won't get any money from established financial institutions such as banks or government lending programs. Click here to learn more about securing funding...

 

While business plans are fully itemized down to the bottom line and include financial data, by default they often become the sales and marketing strategy for the organization -- it identifies why the business will work in relation to all factors of influence -- competition and customer loyalty. Click here to learn more about marketing strategy...

Entrepreneurs and business managers are often so preoccupied with day-to-day issues that they lose sight of their ultimate objectives. Click here to learn more about how business plans set objectives for managers...

 

A business plan is the foundation, springboard and launching point, towards the establishment and growth of a new business.  It's an essential tool for companies seeking to raise capital. Click here to learn more about investor ready business plans and how to attract investors...