Developing a Business Plan

Are you interested in starting a business? Creating a business plan is one of the most important steps you will take because the plan serves as your road map for the early years of your business. The business plan generally projects 3-5 years ahead and outlines the route a company intends to take to reach its yearly milestones, including revenue projections. A well thought-out plan also helps you to step-back and think objectively about the key elements of your business venture and informs your decision-making on a regular basis.

This is a step-by-step guide to help you get started. Download the sample business plan and financial statements as a starting point for your plan or use the tool provided on the Small Business Administration (SBA) website. You can also use your completed business plan to discuss next steps with a business mentor or lender.