What Is A Business Plan

Written by Josh Dodes
Bookmark and Share

In a highly competitive battle for limited investment capital, more emerging business minds than ever are asking the key question: what is a business plan? Simply put, a business plan is the polished crystallization of a set of initially fuzzy ideas. If it is not impressive and compelling enough, it can also be something else: the end of the line.

In the past, of course, most innovative business thinkers were forced to write their own business plans. Unfortunately, with little experience in persuading potential investors, most of these novice planners were largely flying blind. It is not surprising that so many smart business concepts never saw the light of day.

What Is a Business Plan's Purpose?

What is a business plan's purpose? Ultimately, its purpose is twofold: to persuade potential investors and to help you better define your ideas. Fortunately, a new breed of business planning companies have recently arisen, and they bring the experience and expertise to help you do both.

Great business plans are as rare as great business ideas, and you need both to succeed in this day and age. Unless you are 100% confident of your ability to generate both, professional assistance can be invaluable. Take the time to enlist the help you need to pitch your ideas properly, and you will never regret having done so.

Bookmark and Share