Writing a business plan is an important part of launching a business. Some balk at the idea of writing a business plan, arguing that predicting the future is an exercise in futility because things change. While they are correct that business plans do not provide a crystal ball into the future of the business, it is still a very helpful tool.
Business plans can be written to determine feasibility, align strategy, and raise capital. Oftentimes when researching for a business plan, new information comes to light that significantly affects the initial strategy. Having this knowledge early on saves a lot of time later on. Additionally, as founders., co-founders, and partners prepare to embark on their new adventure, having a business plan that defines the envisioned end result and path forward helps ensure that the team can focus on doing and delegating tactical work. Lastly, depending on the business, founders may be seeking funding. No serious investor would consider investing in a company without a business plan. A well organized and thorough plan helps mitigate potential investors’ risk by showing that the founders are taking a thoughtful approach to the business and that there is a clearly a defined path.
Our plans include a(n):
- Executive summary
- Company description
- Products/services explanation
- Market analysis
- Strategy and implementation plan
- Organization structure
- Management team biographies
- Financial plan with projections
- We forecast your sales over the next three years to give you an understanding of the potential of your venture.