Business Planning

Business planning process

Success in today’s economy requires a solid foundation of knowledge from which sound business decisions can be made. For most people considering or involved in creating a new business venture, this foundation is built from a formal business plan. Even if you believe your business does not require a formal plan, most business experts highly recommend that you conduct at least some preliminary research prior to committing yourself legally or financially to your business enterprise.

The purpose of this section is to explain in simple terms the concept of the business plan and to show you how to put your own plan together. There is plenty of help available to you including the Interactive Business Planner.