A business plan is an essential tool for every aspiring entrepreneur. If you’ve never written one before, it can be daunting to create one. However, it’s actually quite easy to write a business plan once you have a framework in mind. My favorite resource for learning to write a business plan is businessplan.com. This online business planning service will help you build a customized business plan with everything from financial projections to market research to narrative writing.
This resource will also help you customize your plan for everyone you need to share it with, be that loan or immigration officers or investors. Most people think you need a business plan for investors, but really the #1 target you need for your business plan is yourself. Creating a business plan will help you map out for yourself whether your bright business idea is actually going to work, as well other elements you may not foresee.
Watch the video below to hear more of my pointers for creating a business plan.
The Kara Network is a digital resource for advice and discussion for entrepreneurs, by entrepreneurs.
Kara Goldin is the founder and CEO of San Francisco–based Hint, Inc., which produces the leading flavored water with no sweeteners and nothing artificial.
