Step 4: Write the Business Plan
What exactly is a business plan? It is a “proposed course of action for a business.” It is a road map that answers three questions: Where am I now? Where am I going? How will I get there?
Sample Business Plan Outline
- Executive Summary
- The Company
- Target Market
- Sales and Marketing
- Appendix & Supporting Documents
Why write a business plan? The #1 reason is for YOU to map out your business, make sure that you have considered all the details. The #2 reason is typically to get financing as most banks or investors will require a business plan. Versions of your business plan can also be used to gain credibility with new suppliers, customers, get feedback from consultants and/or advisors, and getting key employees or partners on board.
ONLINE BUSINESS PLANNING RESOURCES
BUSINESS PLAN CLASSES (please inquire directly for next scheduled class)
CONSULTING & FEEDBACK
TIP: Getting input on your business plan is critical. After you have a draft completed, give it to a trusted family member or business associate to get some feedback.