Business Planning for Small Business

business plan

What is a Business Plan?

It is a document prepared to show the viability of your business.  A Business Plan is the blueprint that you will use to develop your business idea.

A Business Plan must include:

  • What you intend doing.
  • How you intend doing it.
  • When you intend doing it.
  • Where you intend doing it.
  • What makes you believe that your business is viable?
  • It is a structured guideline for achieving your goals.
  • It forces you to arrange your thoughts in logical order.
  • It forces you to simulate reality and anticipate pitfalls before they occur.
  • It will be used as your working action plan.
  • It is an essential aid when applying for finance.
  • It can eliminate potential flaws in your business.
  • It is an essential decision-making tool.
  • It can assist you when trying to obtain credit terms from suppliers.

Links to business plan software:

Business Plan Pro

Business Plan Works

BDC free business plan template

More free business plan template

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One response to “Business Planning for Small Business

  1. Small business1. Often we forget the little guy, the SMB, in our discussions of the comings and goings of the Internet marketing industry. Sure there are times like this when a report surfaces talking about their issues and concerns but, for the most part, we like to talk about big brands and how they do the Internet marketing thing well or not so well.2. The Center for Media Research has released a study by Vertical Response that shows just where many of these ‘Main Street’ players are going with their online dollars. The big winners: e-mail and social media. With only 3.8% of small business folks NOT planning on using e-mail marketing and with social media carrying the perception of being free (which they so rudely discover it is far from free) this should make some in the banner and search crowd a little wary…….http://www.onlineuniversalwork.com

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