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Business Plans: A Step-by-Step Guide

This guide outlines the most important parts and what should be included in an effective business plan
By Entrepreneur US Staff |

Business Plans: A Step-by-Step Guide

Avalon_Studio | Getty Images

 

A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan.

Business plans are inherently strategic. You start here, today, with certain resources and abilities. You want to get to a there, a point in the future (usually three to five years out) at which time your business will have a different set of resources and abilities as well as greater profitability and increased assets. Your plan shows how you will get from here to there.

 

You can visit our small business encyclopedia to learn more about business plans or ourFormNet area to get the necessary forms to get started.

 

 

Before writing your plan

Writing your business plan

Business Plan Tools

 

 

*****

 

 

Copyright © 2017 Entrepreneur Media, Inc. All rights reserved.

This article originally appeared on Entrepreneur.com. Minor edits have been done by the Entrepreneur.com.ph editors

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