Creating Your Business Plan Infographic
As a small business in Canada, your business plan is a critical tool which acts as a guide to the success of your business. This makes it the first step you should take when starting a small business.
While most people thing a business plan is just a document you need to put down all of your business ideas, it’s actually much more involved. In fact, here are four of the major reasons why creating a business plan is critical:
- Create a business plan when starting your small business
- Use your business plan as a managing guide
- Follow your business plan and plan for growth and expansion of the business
- Use it to find private and government funding for your business
Starting a Business
Your business plan acts as a guide towards starting your small business.
With a properly developed business plan, you’ve tested the viability of your business on paper. Outlining the critical components helps you successfully plan your business startup.
Managing Your Business
With a proper business plan you and your team have the same vision.
Your business plan is a guideline to the success of your small business. As you build your business plan you place your vision in writing, which at a later point is the path you follow as you build.
Growing Your Business
Making a plan to grow and expand your business; treat it like a startup, have a plan!
When growing your small business, your business plan becomes very important. Just as when you were starting up, following a path with a business plan will ensure your growth and success.
Finding Business Funding
Use your business plan to find private funding or Canadian government funding programs
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