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Business Planning

A business plan precisely defines your business, identifies your goals, and serves as your firm's resume. The basic components include

☑  A current and pro forma balance sheet
☑  An income statement
☑  A cash flow analysis.

The importance of a comprehensive, thoughtful business plan cannot be overemphasized. Much hinges on it: outside funding, credit from suppliers, management of your operation and finances, promotion and marketing of your business, and achievement of your goals and objectives.

Before you begin writing your business plan, consider four core questions:

  1. What service or product does your business provide and what needs does it fill?
  2. Who are the potential customers for your product or service and why will they purchase it from you?
  3. How will you reach your potential customers?
  4. Where will you get the financial resources to start your business?

The BizLaunch office offers free access to services to help you write a business plan. In addition, BizLaunch can provide one-on-one guidance on developing a business plan. For more information, visit BizLaunch. link to BizLaunch page on capabilities, hours, location, etc.

Continuity Planning


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