What is a business plan and why do I need one?
Part of the entrepreneurship process is writing a business plan for your venture that precisely:
- Defines your business
- Identifies your goals
- Serves as your company’s resume
It includes a current and pro forma balance sheet, an income statement and a cash flow analysis. It helps you allocate resources, handle unforeseen complications and make the right decisions. It provides specific and organized information about your company and how you will repay borrowed money. A good business plan is a crucial part of any loan package. Additionally, it can tell your sales personnel, suppliers and others about your operations and goals.
Who can help me start my business plan?
You can find business plan assistance by contacting:
- Small Business Development Center (SBDC)
- Your local Economic Development Director
- Enterprise Facilitator
View our Getting Started page for more information.
Are there grants available to start my business?
Typically, grants are not available to start a business.
However, loan programs may be available for the business owner. View our Resource pages to find resources that may be right for you.
E-mail additional questions to firstname.lastname@example.org.