What is a Business Plan?

Since this course is divided into the twelve most important aspects to consider when starting a business, your business plan can follow this same format. In this section and in each of the following includes a business plan outline covering each subject. Taken together, will have an initial model for its general plan.

The principal value of your business plan is the creation of a written plan to evaluate all aspects of the economic viability of your business venture including a description and analysis of your business prospects.

The business plan is an essential step for any prudent entrepreneur to take, regardless of the size of the business.

Often this step is omitted, but we make it easy by providing a format for structuring your plan as you progress through this course.

Business plans can vary considerably. Libraries and bookstores have books devoted to business plan formats. However, this course is a place to start. May rely on it to design one that is ideal for your company in particular.

Be aware that employers are reluctant to write their business plan. Therefore, it is recommended that you complete each segment of the plan as you progress through this course. We will facilitate the task by providing sample plans for businesses of goods and services and also an attractive blank form that you can download MS Word and customize.