The Business Plan
A business plan is a written roadmap detailing how you plan to manage the growth of your business, allocate resources, and prepare for challenges and opportunities. A well structured plan will also become one of your greatest marketing tools to potential lenders and/or partners.
Business Plans can be time consuming and overwhelming at first. But in the end, you’ll come to regard the time you spent preparing your plan as an invaluable opportunity to thoroughly research and objectively evaluate your business concept.
About the Business Plan
- Build Your Plan. The Small Business and Technology Development Center offers an excellent building tool to assist in Business Plan drafting. The step-by-step process offers sample text, recommendations for key components, and the opportunity to request review and feedback from an SBTDC Consultant with the NLEA. Completion of the counseling application is necessary. Another great business planning tool, INVenture, allows you to start writing your plan now through a web-based question and answer format.
- Business Plan Templates. SCORE, the Service Corps of Retired Executives offers numerous templates for business planning.
Business Plan Examples
- Examples. The SBTDC provides example business plans that also offer insight into effective ways to approach potential customers.
Additional Resources
- Bplans.com. Offers expert advice, articles and resources for writing your business plan.
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