Creating a business plan is a great way to think about each facet of your business. It allows you to get a clear picture of the type of business you are starting from its customer base to financial projections to your competition and branding. We all have great ideas, however, it is not until the above are well thought out that you can see a clear path to making your business a reality.
Having a well-written business plan is essential to receiving funding. Banks and other funding sources rely heavily on this document. It enables them to learn about your business and decide if your business is a worthwhile investment. The business plan has a number of elements, such as, the Executive Summary, Marketing Analysis and financial documents that must be detailed. Call us at (213) 453-8661.
The below sites provide essential information for the Entrepreneur.