Business Plan Sample

Planning for a Home-Based Business
by Zack
You need a plan

, A business without a plan is like a journey without knowing where you are not yet complete. The trip would be full of surprises, but if you do not have a plan, most of these surprises are unpleasant, leading to discouragement and failure.

A good business plan must also things like the mission of the company, cash flow forecasts, profit and loss analysis, legal issues and whether or not it is viable in a particular location. If your plan includes these and other elements, it is your company a clear direction.

It is much easier to get somewhere if you have a clear objective, but do not be afraid to fall by the wayside. Things are not always exactly as planned.

Finding Funding

In addition, give you a roadmap for the follow-up to success, a formal business plan has other purposes. If your home-based business needs to obtain financing rolling, you need the business plan to present to a bank, before they decide whether to invest in your company by creating a loan.

In some cases, especially minorities or women-owned businesses for state subsidies. This money need not be paid back, but there is a tremendous amount of competition for them. With a business plan is crucial to the writing process.

Help for writing a business plan can be found on the Small Business Administration Website: sba.gov.

Here you'll find help in drawing up a business plan from start to finish: planware.org.
This product site plan has everything you need to know about writing a business plan and there is a lot of free tools and templates for you to use.

So sit back and think about it for a while, then plan. It is the first step to the success of your home-based economy.