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theimportanceofabusinessplan-v1-110720150814-phpapp01.pdf

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© Copyright RK Fischer & Associates, 2010 All Rights Reserved. Simplifying Small Business Strategies for Growth and Success Importance of a Business Plan © Copyright RK Fischer & Associates, 2010 All Rights Reserved. What is a Business Plan?  Abusinessplanisaformal guideforhowyouplanto createorgrowabusiness. Itwilladdresseveryareaof yourbusinessespeciallythose relatedtoexpensesand income. Itisusedtodemonstratethe valueandprofitabilityofyour ideaandapproachtoyour business. © Copyri
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  © Copyright RK Fischer & Associates, 2010  All Rights Reserved. Simplifying Small Business Strategies for Growth and Success Importance of a Business Plan  © Copyright RK Fischer & Associates, 2010  All Rights Reserved. What is a Business Plan?  Abusinessplanisaformalguideforhowyouplantocreateorgrowabusiness.  Itwilladdresseveryareaofyourbusinessespeciallythoserelatedtoexpensesandincome.  Itisusedtodemonstratethevalueandprofitabilityofyourideaandapproachtoyourbusiness.   © Copyright RK Fischer & Associates, 2010  All Rights Reserved. When Do You Usually Need a Business Plan?  Whenabusinessisstarted  Whenabusinessrequiresstart-uporgrowthfunding  Grants,Loans,Investments  WhenabusinessisplanninganIPO  Whenabusinessislookingatamergeroracquisition  Whenabusinessislookingtobesold  © Copyright RK Fischer & Associates, 2010  All Rights Reserved. Why do you need a business plan?  Abusinessplanprovidesclaritytoyourbusiness  Abusinessplandocumentsyourcurrentbusinessandgoforwarddirection  Abusinessplanarticulateshowyoumakemoneywithyourbusinesstoothers
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