Business Plan Consulting Erie PA

Formulating a written business plan will force you think about where you want your business to go and how you're going to get there. It will become, in effect, a roadmap for you to follow as your business grows and develops. And, of course, if you ever intend to borrow money or establish credit, you'll be asked to produce a business plan.

Gannon University SBDC
(814) 871-7232
120 West 9th Street
Erie, PA
 
Small Business Alternatives Inc
(814) 459-9055
557 W 8th St
Erie, PA
 
Widener University SBDC
(610) 619-8490
1450 Edgmont Avenue Suite 120
Chester, PA
 
Lehigh University SBDC
(610) 758-3980
621 Taylor Street
Bethlehem, PA
 
Clarion University SBDC
(814) 393-2060
102 Dana Still Hall
Clarion, PA
 
Small Busines Development Center
(814) 871-7232
120 W 9th St
Erie, PA
 
Affordable Business Solutions
(814) 464-0269
1225 Filmore Ave
Erie, PA
 
Wharton SBDC
(215) 898-4861
3733 Spruce Street
Philadelphia, PA
 
University of Scranton SBDC
(570) 941-7588
The Gallery House, 411-413 Quincy Avenue
Scranton, PA
 
Kutztown University SBDC
(484) 646-4003
15155 Kutztown Road
Kutztown, PA
 

Business Plan Consulting

Building a Business Plan

A business plan is a written document that defines the goals of your business and describes the means you will use to attain those goals. Every small business owner should prepare one, though in reality many do not. Although creating a business plan will take a lot of time, effort, and energy, it'll be well worth the trouble.

Why have a business plan? Formulating a written business plan will force you think about where you want your business to go and how you're going to get there. It will become, in effect, a roadmap for you to follow as your business grows and develops. And, of course, if you ever intend to borrow money or establish credit, you'll be asked to produce a business plan.

A business plan can be assembled in any number of ways. However, some essential components should be included in any plan, which are listed below:

  • Description of the business. Describe the business, including what the products and services of the business are.
  • The marketing plan. Describe the target market for your product and explain how you will reach that market.
  • The financial management plan. Detail the costs associated with operating your business and explain how you will pay those costs. Will you need financing to start the business? If so, how much.
  • The operations management plan. Describe how you will manage the core processes of your business, including use of human resources.

Those are the basics. For a complete explanation of how to put together an effec...

Click here to read the rest of this article from Business Owner's Toolkit