Step 2: Create a Business Plan

A solid and well thought-out business plan is the best tool for attracting support for your new business.  A number of local small business assistance providers offer workshops and counseling in business plan development.

Core Components

  • The purpose or mission of your business
  • Your experience in operating your proposed business
  • A cash-flow analysis, including your start-up cost
  • An analysis of local market conditions for your type of business including competitors and potential customers
  • Your marketing plan
  • Ideas for financing your business

Business Plan Templates and Instructions on SBA Website