Is running a business for you? Starting with a business plan is key to success.
A business plan is a detailed document outlining your business idea. It will assist the business owner in obtaining financing, foreseeing obstacles and develop strategies to achieve desired goals. The business plan is a dynamic document that identifies who, what, when, where and how your business will succeed.
The business plan should include:
- summary and business strategy
- analysis of strengths, weaknesses, opportunities and threats (SWOT)
- financial plan
- marketing plan
- operations and human resources strategy
- business exit strategy
- other topics
Resources for starting your business plan
The following organizations will assist you in preparing a business plan.