Creating a business plan doesn’t have to be hard or overwhelming. And it can be a fabulous tool to guide you through the ups and downs of store ownership, especially in the early years. It does take some time and thought, but in the end, going through this process will strengthen your business and help ensure success.
Below are the five main business plan components and a brief overview of each. Once you understand the key elements, you can create a plan that will serve you well, both in business guidance and obtaining financing, for years to come.