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Business Plans

Overview

A written guide to starting and running your business successfully is essential.  This plan will encourage loans, promote growth, and provide a map for you to follow. 

A business plan is simply a plan of action. It is the articulation and compilation of the ideas, resources and strategies that will be used to start and grow your company. Though a business plan refers to a written document, it is where you capture the results of critical market and financial research. When a company is in expansion mode a business plan can also be referred to as a strategic plan.

What goes in a business plan? The body can be divided into four distinct sections:

  1. Description of the business
  2. Marketing
  3. Finances
  4. Management

 

Note: For tools on creating a business plan, visit our Economic Tools section.