Creating a business plan is an important step. Often it is the step most often missed by new business owners why don't want to be bothered with paperwork. However, consider this, for those entrepreneurs that create a solid business plan success in business nearly doubles. With new business failures so statistically high in the first five years, why wouldn't you want to increase your odds of success?
So why does a business plan matter? It's your road map to the future. Would you get in a car to go on vacation without a map to get you to your desired destination? Not unless you'd gone the route a few times previously, right? And since this is your first go-around with your new business, it's wise to create a business plan to increase your odds for success and give you a definite direction.
A business plan is also used for securing capital from banks, venture capitalists, investors and the like -- none of which will give you the time of day unless you've done your homework. If you don't care about the future of your business, why should they?
So, as they say "plan your work and work your plan." Beginning the business plan is often the most intimidating part so let us help you along. It's not so difficult and can even be quite fun. Imagine that? Building your business plan is a little like building confidence in your future and that always feels good.
Let's start with what elements are in a business plan.
Roger Kramer is the owner of AlphaServices. Alpha Services is designed to assist you whether you are just starting a business, wanting to fine tune your bottom line, planning to expand or are in serious trouble with your internal operations or suppliers. Developing business plans is our specialty so be sure to visit our Business Plan Center at http://www.alphaservices.com. We help you move toward success!
Additional Top7Business Articles from the Management-Tips Category:
Article Submitted On: January 31, 2001
© 1998 - Top7Business.com. All Rights Reserved Worldwide.
Reproduction without permission prohibited.