Business Plan: Building Your Roadmap One Step at a Time

A business plan is a living document that maps out your future goals and strategies that are set to be achieved in a certain period. If you are thinking of starting a business that requires a large investment or if you are seeking financing to launch or grow your business, you should think about developing a plan.

The main components to consider when writing your business plan:

  1. Executive Summary
  2. Company Description
  3. Products and Services
  4. Marketing Plan
  5. Operational Plan
  6. Management and Organization
  7. Startup Expenses and Capitalization
  8. Financial Plan
  9. Appendices

Important reasons to write a business plan:

  1. Secure funding through a traditional bank, angel investors, venture capital
  2. Create a strategy for growth and create realistic goals
  3. Reduce risk

It all begins with putting your thoughts on paper. Once you start organizing your ideas you will begin to see the bigger picture of what entails in starting a business.

Below you will find examples and templates to help you get started: