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

More from Entrepreneur

Brittney's a Certified Financial Planner who can help you manage your business and personal finances and navigate the ups and downs of starting a business.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur