Business Plans for Growth Management and Financing
Business plans are an excellent tool, whether you are starting or expanding yourbusiness or non-profit, you should have a realistic business plan that has real data and doable objectives..
A good business plan for a small business, an idea for a business or a non-profit organization would include a high-level objective with a doable plan of action to meet your objectives within the time limits set.
Business plans are often prepared for:
1. Loan applications
2. Attracting investors or donors
3. Starting a business or a non-profit organization
Just as you would never think of building a house without a set of plans and specifications, same goes for your business or non-profit. Think of a business plan as a guide for your organization that outlines goals and details how you plan to achieve those goals. It would typically include:
- A marketing plan
- Funding requirements
- Projected income statement, cash flow and balance sheet.