A Business Plan
A Business Plan
Explain why Kyle and Chad need a business plan.
Without a business plan a company can run blindly, missing crucial opportunities. Most importantly, without a business plan you have no means to attract investors or lenders. A business plan is the companies resume. It is your plan for the present and future. It identifies the strategies of the business and the goals for the future. It is what guides the company through …
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…Present you business plan as if a loan would help get the business to really grow but is not necessary for the business to remain successful.
Show that you really know your business and that you run your business well. Don't leave any question in the bankers head about your management ability and your plans for the future.
References:
1 United States Small Business Administration, http://www.sba.gov/starting_business/planning/writingplan.html Accessed March 5, 2005.
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