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Starting Your Small Business

 
 

Business Plan

So you want to open your own business. Before you go any further, you must outline a strategy or business plan.
When prepared carefully and thoughtfully, the business plan is a road map that can pave the way for your growth and success. It should include such details as a business description, goals, market analysis and strategy, management and personnel, and financial overview.
A detailed plan is an excellent evaluation tool that you can use to spot any potential weaknesses in your proposed business. It is always easier and less costly to rewrite a plan than to change the direction of a business that is already up and running.

For technical assistance in writing your plan:

  • New York State Small Business Development Centers are administered by the U.S. Small Business Administration to provide free management assistance to current and prospective small business owners.

  • Empire State Development's Entrepreneurial Assistance Program  provides specialized help to women, minority group members and persons with disabilities who are starting or are early stage businesses. Empire State Development, New York State's economic development agency, has established a network of Entrepreneurial Assistance Program Centers. Contact 1-800-STATE NY.

  • U.S. Small Business Administration America's small business resource offers technical assistance with business plan development.

For sample business plans:

 

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