Whether you are starting or growing a small business, a sound business plan is your roadmap to success. Unfortunately, many entrepreneurs rely on their memory and never actually commit their ideas to paper. Even if they do consider writing a business plan, they are often overwhelmed or confused by the planning process and never understand the value of this critical document. As a result, many small business dreams fail or fall short of their actual potential.
Writing a business plan will force you to objectively develop and evaluate your tactical and strategic plans. It will also help you identify the opportunities and risks encountered as a result of your decisions. You will better understand the environment in which you operate, the strengths and weaknesses of your business, the competition, and the validity of your assumptions. Most importantly, you will understand who your customers are and how you can meet or exceed their needs and expectations.
Business plan development is a mandatory task for the BII incubator clients before admitting them as tenants into the incubator. However, we offer consulting and coaching to develop a solid business plan as a starting point of your activities as an entrepreneur, even if you are not going to operate within the incubator. To assess the task you can download a sample outline of the business plan through the link below.