Every business begins with an idea and a business plan is necessary to guide the investigation and development of this idea. If you were planning a vacation with your family to an area that you've never visited, you would ask questions about places to stay, things to do, places to eat, weather, etc. If the area sounds attractive, then you plan how to get there. If you decide to drive, now is the time to study the road map and plan your trip.
A business plan is the road map for the success of your business. In writing a business plan, you will consider all the parts of your business - -in detail. You will look carefully at your business, the industry, your competition, your customers, and your ability for success. For a more detailed description of business plans, please refer to A Guideline for Preparing a Business Plan, available from the Small Business Development Center.
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