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Writing a business plan is an opportunity to carefully think through every step of starting your company so you can prepare for success.
A well-written business plan can help convince investors or lenders to finance your business.
After you complete the 11 worksheets, you will have a working business plan for your startup.
But the common thread for all businesses is that a business plan is necessary.
After all, how can you get your business launched and thriving without any type of written plan to help you?
There are templates available, including a simple business plan template and a traditional business plan template.
There are also many business plan tutorials available, including video business planning tutorials.
If you are thinking about starting a small business, you most likely already know what a business plan is and have heard that you need one.
But do you truly understand the purpose of a business plan?
Think of your business plan as a map or blueprint that will guide your business from the start-up phase through establishment and eventually business growth.
There are many reasons why you need a business plan, although these reasons vary by the type of business you are starting and how you intend to use your business plan.