Step 3: Develop a Business Plan
You’ve no doubt heard the expression, “Failing to plan is planning to fail.” Many entrepreneurs write a business plan only when they need to secure start-up financing. However, your plan is far more than a document for banks and investors to read; it’s an invaluable roadmap for launching and growing your business. With a plan, not only can you spot potential weaknesses, opportunities and threats, your plan can help you make informed decisions about your venture before you commit yourself legally or financially.
If you’re unfamiliar with business planning, start by reviewing Small Business BC’s “how to” guide on business planning.
To have someone review your business plan, make an appointment with a Business Advisor at Small Business BC. They offer business plan review services if you’re seeking financing, submitting a business proposal or just looking for a professional assessment. Small Business BC also offers services to review sections of your plan, such as the executive summary or the marketing plan. All information submitted to Small Business BC will be kept in total conﬁdence and will not be distributed or communicated without ﬁrst obtaining your express written consent.