Writing a business plan can be a daunting task for most but it’s as vital as it is intimidating. But how exactly do you go about it? Where do you begin? What do you include? We’re here to help you with just that. Here’s how to get started with your business plan and what each section of your plan should focus on.
Most business owners have a notion that a business plan is solely for fundraising events. But they couldn’t be farther from reality. Bootstrappers in particular rarely think of a business plan as being important to their business’s survival. A business plan is like the underdog sibling of a great business idea. The truth of the matter is that the importance of a business plan is undermined and this shouldn’t be the case. Every business, big or small, needs to have a plan in place because it is so much more than just a fundraising tool.