Writing a business plan is not only an essential part of the financing
process, it is a very useful tool for developing a sustainable business.
By estimating start-up costs, required assets, monthly cash flow and
net profits for the first several years of the business, you will more
readily able to map out a successful long-term strategy.
The process of developing a business plan will help you think through
some important issues that you may not have considered yet. Your plan
will become a valuable tool as you set out to raise money for your business.
It should also provide milestones to gauge your success.
The SBA offers an excellent online tutorial and guide to writing your
business plan. Click
here to link to their site, http://www.sba.gov/starting/indexbusplans.html