Not only is a business plan a good idea for any business to have, but it is also often required to be submitted along with an application for insurance. We get asked all the time: “What is a business plan & how do I write one?” To put it simply, a business plan is just a summary of your current business and what you project your business to be doing in the future. Do you plan to add more equipment? Do you plan to expand your business to more locations? Are you hoping to have twice as many customers in the next 3 years? These are just examples but basically it is whatever you want for your business in the future and how you plan to achieve those goals.
There are many resources on the internet that can give you templates and outlines for your business plan. The most important thing to remember is to keep it simple. This doesn’t have to be a detailed step by step write out of your plans for your business; it just needs to be a summary.
The following resources can help you with writing a successful business plan, and there are a lot more out there!