3 Reasons You Should Have a Business Plan


While there are many lists available as to why you should have a business plan there are basic reasons you need a business plan:
Business Plan Topics
To get a loan for your business.
Banks, the SBA, and investors all require a business plan. I’ve never heard of anyone getting a business loan without a business plan.

To get investors.
VC’s, Angels, and private investors all require a business plan. I’ve never heard of anyone receiving an investment without a business plan.

A road map to run and grow your business
A proper business plan will define operational and growth milestones. Your business plan should set out the “road map” for you to follow to business success. Your plan allows you to make sure everyone is on the same page and be proactive in response to market changes.

The old adage still applies, “the only people who need a business plan are people starting a business, people buying a business, people selling a business, people who own a business. If you are thinking about or in business, you need a business plan.”

There are myriad publications, websites, and blogs describing who needs a business plan and what should be in your plan.

The type plan we believe will meet the requirements to get a loan, investor, and provide a road map to business success is a custom Comprehensive Business Plan. Custom because no template can address the unique features of your business and your vision.

A Small Business Administration (SBA) study revealed that the degree of business success is related to the development of a comprehensive and detailed business plan.

Click here for a free consultation about your business plan needs

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