What is a business plan?

The first planning document that you will create as a potential business owner is a business plan. If your vision statement is a compass, then your business plan is a road map. It should be capable of guiding you, the entrepreneur, through a maze of business decisions and alternatives while successfully avoiding detours and dead ends. A business plan is a carefully thought out document that outlines the nature of the business, your objectives as an entrepreneur, and the actions that you will take in order to reach those objectives. A business plan is really a series of small, related plans that cover the four major business functions. When you are finished, your business plan will contain:

  • a marketing plan
  • a human resources plan
  • an operations plan
  • a financial plan

Additional help can found by reading this document:

Websites with sample business plans & templates:


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