Have you heard the saying, “Businesses don’t plan to fail, they fail to plan?” It’s true – whether you are just starting out or are growing your business -- having a well thought-out, written business plan can help you stay on track for success. A business plan can help you get organized, support an application for a loan, and serve as a roadmap to take your business in the right direction.
Although business plans generally follow a generic outline, no two plans are exactly alike. Your plan would include key success factors for your specific industry. And you would write your plan for a specific audience: a plan written as an internal document to guide your day-to-day operations would be different from one developed for a banker or an investor.
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