There are a multitude of very important reasons why every business venture must establish and maintain an on-going business planning process. Perhaps the most critical motivating factor is that, without one, the chance of acquiring financing from any source at any time is all but impossible.
Commercial and other sophisticated capital sources (bank, venture capitalist, angel/private investor, government sources of money) regardless of form (debt, equity, hybrids/combinations of each) will not give serious consideration to funding needs without written and convincing proof.
That proof, in whole or in part, is your business plan. The Business Plan Outline below will be very beneficial in drafting your business plan. You can find further assistance from Entrepreneur Magazine’s Business Plan Workbook at the following link:
Download the Entrepreneur Magazine Business Plan Workbook Here
