A business plan is the blueprint for your business. Writing a business plan is the best way to test whether an idea for starting a business is feasible. If working through a business plan reveals that your business idea is untenable, it will save you a great deal of time and money.
The process of writing a business plan will ultimately make for a smoother startup period and fewer unforeseen problems as your business gets up and running. A business plan will also create a financial picture of the business, its start-up costs and projected revenues which is often required when applying for funding or grants.
Here are some resources to help you write a business plan: