Starting a business is the most difficult aspect of building your
business. There are many business tasks to be performed, often few
resources with which to accomplish these tasks, and the entrepreneur may
not yet have the benefit of being business savvy. Additionally,
starting a new business requires financial resources that owners of
established businesses may find easier to obtain. Determining the
direction you want your business to take and obtaining financing for your
new or existing business will be far easier once you have developed a
comprehensive business plan.
Organization is key to the success of any business. A business plan is a customized blueprint describing why you are creating your business and detailing exactly how you intend to make your business succeed. While business plans may differ somewhat due to factors such as size and scope of the business, in general, your business plan should possess the following key elements:
Authored by Kenneth L. Anderson. Original article published 15 January 2004, updated 21 January 2006. Follow links to the right to learn more about business plan software and small business planning resources. At the left margin, Related Links address topics of interest pertaining to business planning and other small business resources available to entrepreneurs and business owners. Our Business Center provides tools for small business proprietors and business startups. We have amassed a collection of resources and services that should be included in every entrepreneur’s arsenal. Here you will find resources to help get your business off the ground, finance it, make it grow, manage your own resources and maintain a safe and beneficial environment for your employees. View the Business Plans SiteMap for a complete list of business and business-related topics. |
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