Do You need a business Plan?

If you are an entrepreneur thinking about starting a business or have already started one, then you really do need a business plan. If you are seeking some sort of funding, then a well written and researched business plan is essential.  Here are some things to consider when thinking about a business plan for reasons other than funding.

• In any year, about 7 percent of the U.S. working age population is actively engaged in efforts to start a business. Professors William Gartner and Jon Liao provide compelling evidence from the Panel Study of Entrepreneurial Dynamics that business planning can significantly improve an entrepreneur’s chances of successfully starting a business.

• Entrepreneurs who completed a business plan were six times more likely to start a business than those in the “still active” or “quit the process” groups.
• Those who completed written plans were likely to engage in more start-up activities than those whose plans were unwritten or informal.¹
• As you can see from the excerpt above, a business plan can help you focus so that you will proceed. You will actually start or continue with your business and become a successful entrepreneur.

¹The Small Business Economy 2007, U.S. Small Business Administration, Office of Advocacy, 2007. [374] pages. December 2007 #314

We have over 20 years of experience in writing successful and professional business plans for entrepreneurs like you. If you need a business plan written from scratch or have an existing plan that needs to be rewritten, we can help. In this economy funding is much harder to find than in previous years. A professionally written business plan can increase your chances of obtaining funding, even for SBA loans.

When we write your business plan, we are also happy to help you with questions that you may have about other aspects of owning a business such as forms of business, business ethics, policies and procedures.