Getting to the Next Level
They say success is a journey, not a destination. Either way, you'll need a map.
Many first-time entrepreneurs wonder if they really need a business plan. In fact, you may not. If you're running a kitchen-table business with no rent, employees or inventory, then you probably don't need to predict how much revenue your business is going to generate next year or how much it's going to cost you to generate sales. If, on the other hand, you have something more ambitious in mind--opening a restaurant, launching a fashion line, starting an internet company or expanding your current operations--then you're going to have to put some serious money behind the idea. And whether that capital is coming from you, your family or an investor, you're going to need a road map to show you how you're going to get to your destination and how much time and money it's going to take. That road map is your business plan.
Here are some business plan resources that can help you create a road map to take your company to the next level of growth and profitability:
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Entrepreneur Editors' Picks
-
This Founder Quit His 'Prison'-Like Teaching Job Within 2 Months. Now, He and His Sister Are Helping Other Teachers Leave the Classroom and Achieve Financial Freedom.
-
If You Focus on Problems, You'll Only Find More Problems. Here's How to Focus on Solutions.
-
Facing More Than 15 Years in Prison, This Founder Transformed His Hustle Into a Powerful Personal Brand and Business. Now, He's Giving Back in a Big Way.
-
Apple Asks This Jarring Interview Question as a Secret Way to Evaluate a Candidate
