The Business Plan Old - Entrepreneurship Centre

The Business Plan

A business plan is a written summary of your business and describes what you wish to achieve by being in business and how you intend to organize your resources to meet these goals. A business plan is a road map for success. It helps eliminate unknowns and misunderstandings that can arise if you don’t take the time to put your thoughts, plans, and research on paper.

The purpose of the business plan is to;

Force you to think through your business idea
Help you judge and evaluate a business idea so there is less risk (there is less risk with the more you know)
Show where you need help or more information
Organize and present information about your business so you can progress logically and stay on track and communicate them to others
Increase your confidence
Lessens the risk of oversights and errors
Reminds you of good ideas and ways to save time or money
Helps you obtain necessary financing

The Business Plan

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