The benefits of writing a business plan range from clarifying initial ideas to attracting potential investors.
The process of business planning can help uncover weaknesses as well as opportunities you may have overlooked.
The financial plan usually shows : This model is suitable for all types of traditional activities: commerce, crafts, liberal professions…
Then, get advice from a SCORE mentor for one-on-one assistance along the way.
One key reason for startups to develop sound business plans is to convince investors and lenders to finance the endeavor.
Most banks and investors will want to see detailed financial projections and a statement of your current personal and business financial standing.
If you treat your business plan as a living document that you regularly review and update, you can also use it to measure progress over time.
An effective plan communicates a company’s vision to team members and all stakeholders, and provides both a foundation and an adaptable model that can grow and change along with the business.
These resources can be your first step towards small business success.
Use the templates below, then meet with a SCORE mentor for expert business planning advice.