I have one of the Matthew Lesko books, and see some possibiliites for small business grants. They all ask for a formal business plan in order to apply. I have everything set up in my head, but don’t know the format to write one.
A business plan will guide you into greater depths in your business, and will allow you to be on the right track. When a business is organized you minimize the risk of downfalls and you can move forward step by step towards the goal. Business plans are also written when an entrepreneur is seeking funds for a project.
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A small business plan is very important to a growing business. It helps you to focus your business. A business plan also says to potential investors, “I’ve thought this through.” You don’t have to wait until your business plan is completely perfect to go on and start your business.
Sometimes you really can’t even get your financial projections right until you have at least one year of operation. A business plan can help you see where your slow months will be and help you prepare for your down periods. Here are some more reasons why you should write a plan for your small business.
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