A business plan is more than just a tool for securing financing. Yes, it is a necessity if you need financing – you cannot obtain a business loan without one. But more than that, a business plan is a living document that allows you to measure your progress and determine if your business (sales, profits, etc.) is where you projected it should be. If not, you can make adjustments quickly, avoiding a financial bind at the end of the year. It is important to monitor your performance as measured against your projections.
Committing a business plan to paper can be a daunting task. The free and confidential assistance of a certified business counselor is available to you for writing a winning business plan.
A good place to start is Small Business Administration’s guide “How to Write a Business Plan” [PDF 284KB]
In addition, we offer you the following worksheets.