Every business can benefit from the preparation of a carefully written business plan. The purpose of the business plan is to:
- Help you think through the venture and ensure you have considered all your options and anticipated any potential difficulties.
- Convince lenders and investors that you are in control of the project and that their money will be safe with you.
- Serve as an operating guide as you turn your idea into a viable business.
- Furnish a standard against which to judge future business decisions and results.