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Starting a Business

Preparing a Business Plan

A necessary step in the development of any business
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Writing a business plan-an outline of your business's characteristics and goals. Usually, entrepreneurs write a business plan in order to obtain financing. However, even if you aren't seeking outside financing, it's a good idea to put your plan on paper. A business plan becomes an operating tool that will help you manage your business efficiently.

Excerpted from Starting a Home-based Business

This Entrepreneur Who Started Her Kombucha Business in an Apartment With $600 Has a Message for Struggling Entrepreneurs