Business Plans Help You Run Your Business
Your business plan is the foundation of your business. You’ll use your business plan as a roadmap for how to structure, develop, run, and grow your new business. A good business plan guides you through each stage of your enterprise will experience from planning to starting and managing your business.
Business plans can help you get financing, funding, or bring on new business partners. Lenders want to feel assured that principal and interest will be paid per their loan terms. Investors want to feel confident that they’ll see a return on their investment. Your business plan is THE tool that you’ll use to convince people that working with you or investing in your company is a smart choice.
How Can a Business Plan from Polaris Business Consulting Help?
A Comprehensive Business Plans from Polaris is ideal for any business, large or small, and includes most if not all of the sections and formatting as recommended by the U.S. Small Business Administration ("SBA"), which provides excellent resources for planning, launching, managing, and growing your business. There are two common categories of business plans: traditional and lean.
- Traditional business plans use a standard structure to present each section with as much detail as possible. Lenders and investors commonly request this comprehensive business plan when considering financing or funding an enterprise's start-up or expansion.
- Lean business plans consist of a one-page "super summary" that focuses on the most important points and key elements of your plan. Such a lean format may be preferable if you want to get started with business operations quickly, if your business is relatively simple to explain, or if you plan to regularly change your business model or refine your business plan.
At Polaris, we will provide you with both a traditional and a lean business plan. The lean business plan will assist you with presenting your business plan's pitch efficiently and quickly. The traditional business plan is the comprehensive detailed document to provide to whomever you are making your pitch to, be it investor, lender, or any prospective partners as well as being the roadmap which will guide your business over the years to come.
Contact us now to get started on your Comprehensive Business Plan!