skip to Main Content
InnovatorsLINK
        • Upcoming Events

          Jun 02

          Tour Your Advanced Technology Center

          June 2 @ 4:00 pm - 5:00 pm
          Jun 16

          Build Your Business Credit

          June 16 @ 1:00 pm - 2:00 pm
          Aug 09

          Tour Your Advanced Technology Center

          August 9 @ 12:00 pm - 1:00 pm

The SBA’s Guide to Writing A Business Plan

  • An official, simple guideline for writing a business plan
  • For those planning a business
  • Get an overview of the key concepts of a business plan

Creating a business plan might seem like an overwhelming process for an entrepreneur, but it’s critical that you don’t overlook this step. A business plan not only offers crucial guidance for establishing and growing the company, but can also be a valuable tool to secure financing, investors, or business partners.

The guidance from the U.S. Small Business Administration is a good place to start when preparing your business plan. The SBA says plans typically use a traditional format, which is longer and more detailed, or a lean format, which is shorter and summarizes the most important parts of your proposal.

A lean plan can be a good way to start establishing how you’ll set up a business or to create a more flexible model that can be easily updated as needed. Traditional plans are more comprehensive and cover areas such as products and services offered, a management plan, financial projections, and a marketing strategy.

The SBA provides details on the critical components of each plan, as well as sample plans for both examples.

More Related Articles

Spread the Word

More To Explore

<< back to all articles

Latest from Business Insights

Join with Free InnovatorsLINK Account

Start accessing all the free member benefits and valuable content on the InnovatorsLINK platform. Create a BizLINK listing to boost brand exposure, receive the weekly Main Street Journal newsletter, engage in forums, get full access to free content, and more.