Last Updated: May 6, References Approved. With over 15 years of experience in accounting, Keila specializes in advising freelancers, solopreneurs, and small businesses in reaching their financial goals through tax preparation, financial accounting, bookkeeping, small business tax, financial advisory, and personal tax planning services. Keila spent over a decade in the government and private sector before founding Little Fish Accounting. There are 19 references cited in this article, which can be found at the bottom of the page. This article has been viewed 2,, times. But what should a business plan include?
Small Business Hub: A Research Guide for Entrepreneurs
Simple Business Plan Template for Entrepreneurs
Whether you're in startup mode or your need financing to expand your business, writing a business plan is essential. Here's how. This article is part of a series that will teach you how to write the perfect business plan — discussing why you should have one, the different types of business plans you can develop, and what goes into each section.
Whatever your reason for writing a business plan, the task will probably still feel like a homework assignment. A business plan is a roadmap describing a business, its products or services, how it earns or will earn money, its leadership and staffing, its financing, its operations model, and many other details essential to its success. Investors rely on business plans to evaluate the feasibility of a business before funding it, which is why business plans are commonly associated with getting a loan. Business planning is often used to secure funding, but plenty of business owners find writing a plan valuable, even if they never work with an investor.
In liberal arts, I see the writing of assignments and the giving and receiving of peer reviews, as a very important and integral part of the course, however, with the Finish at your own pace, it has been decapitated.