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Business plans tend to have a lot of elements in common, like cash flow projections and marketing plans. And many of them share certain objectives as well, such as raising money or persuading a partner to join the firm. But business plans are not all the same any more than all businesses are.
Posted: Friday, March 02, 2001
Author: Laura T.
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About the only person who doesn't need a business plan is one who's not going into business. You don't need a plan to start a hobby or to moonlight from your regular job. But anybody beginning or extending a venture that will consume significant resources of money, energy or time, and that is expected to return a profit, should take the time to draft some kind of plan.
Posted: Friday, March 02, 2001
Author: Laura T.
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Why is a business plan so vital to the health of your business? Read the first section of our tutorial on How to Build a Business Plan to find out.
Posted: Friday, March 02, 2001
Author: Laura T.
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