Write an Initial Business Plan

Actually, I know some people without a business plan at all and they seem to be doing pretty good, but probably not as good as they could. Believe it or not, when I was young and tender and didn't know better, my first small business in gardening and landscaping had no business plan for six years!

Although it can be done, I don't recommend going without one. It's c...ritical that even the smallest small business should have some kind of planning document in order for it to experience its full potential.

When starting a small business, a business plan is extremely important for the following reasons:

If you need to borrow money or apply for a government grant or a grant from a private organization, they will definitaly require a well written, professional business plan.
It serves as a brainstorming tool and helps greatly to keep your business organized, growing, and heading in the right direction.
It can also serve as a valuable part of your record keeping.