Use the following outline to summarize your business planning decisions. Title each section of your written plan as indicated in the outline. Write down, in your own words, answers to the questions listed. Each question can be the start of a new paragraph. If a question does not apply, explain why it does not apply.
For start-ups, a business plan is absolutely necessary. Most funding sources will not even consider making an investment these days without one. The reasons for this are clear – businesses that take the time to build a solid business plan are more apt to stay on target and spend wisely while money is tight as the business grows. There is plenty of time later for fancy upgrades and improvements; when starting out, it is best to think small and grow large.