Who needs a business plan?

Create the ultimate winning business plan with Ultimate Business Planner
  • Walks you through every step with "plain-English" instructions, advice and how-to hints.
  • Includes over 1,000 indexed sample business plan exerpts and 25 complete business plans samples to help you get started.
  • Comes with hundreds of small business start-up resources.
  • In minutes you'll easily create projected P&Ls, Cash Plans, Balance Sheets, Financial Ratios, and more!
  • Works with MS Word®, MS Excel®, Adobe® PDF, and QuickBooks®

Business Plan Software

Who needs a business plan?

Every business should have a business plan of some sort. Without a plan, a business may lose focus of its goals, which could result in lost market share, customers, key employees, and money. If you don't know where you want your business to go, how will you know if your business is moving in the right direction?

A well-thought-out business plan can be the most important factor in the success of your business, so the task of creating a business plan should not be taken lightly. Most entrepreneurs write business plans to obtain funding. But more than just a tool for raising money, a business plan can help you determine if your business will be a financial success, identify and define your business goals, and decide the best methods for achieving those goals.

A business plan can also help you attract key employees, find new business prospects, and manage your business more efficiently. Just as a carpenter needs a blueprint, an entrepreneur needs a business plan, or "road map," for building, growing, and sustaining a successful business. Here are just a few things a business plan can do for you:

  1. Identify if there is a market for your product or service.
  2. Determine your competition and identify advantages.
  3. Estimate start-up costs, revenues, expenses, and profitability.
  4. Show you if your business idea is worth pursuing.