Many people that are eager to start a small business may come up with an idea and begin discussing it with professors, friends and other business people. At this stage the entrepreneur needs a business plan. A business plan is a detailed written document that describes the nature of the business, the target market, the advantages the business will have over competition and the resources and qualifications of the owner(s). A business plan is also mandatory for talking with bankers or other investors.
Please refer to “COURSE DOCUMENTS” for an example of a business plan.Click on “Course Documents” button and then click on the link ‘business plan sample’ to view a completed copy of a business plan.