How To Write a Business Plan

Writing a well thought business plan for your small business is one of the most important things that you can do.

Many business owners find this process to be difficult and confusing, in part because they are focused on the end product and not on the process of getting there. It’s a journey, not as destination



I've found that it is helpful to break the planning process down into separate topics, and then look at how they fit together in the overall business plan. It’s also a good idea to think of yourself as an investor in your business which, o f course, you are and review what you come up with from that point of view.


A good business plan includes three to five years of financial projections. If you do not have a strong financial background, it’s a good idea to get professional assistance with this part of the plan—it’s really important that it be done properly.


But most importantly, what you learn through the process of putting the plan together about yourself, your team, your idea, your competition and your business strategy can make all the difference between success and failure. It’s one of the best investments of time and effort that you can make.