Business Plan

Why Write a Business Plan?

A Business Plan helps you evaluate the feasibility of a new business idea in an objective, critical, and unemotional way.
• Marketing – Is there a market? How much can you sell? 

• Management – Does the management team have the skill? 

• Financial – Can the business make a profit?  

It provides an operating plan to assist you in running the business and improves your probability of success.

• Identify opportunities and avoid mistakes 

• Develop production, administrative, and marketing plans 

• Create budgets and projections to show financial outcomes 

It communicates your idea to others, serves as a “selling tool,” and provides the basis for your financing proposal.

• Determine the amount and type of financing needed 

• Forecast profitability and investor return on investment 

• Forecast cash flow, show liquidity and ability to repay debt