Journal article for writing a business plan

Conducting new research and updating your plan could also provide answers when you hit difficult questions. Invest in quality design and printing. In the case of Landscapers Inc. Repurpose If your time has become more focused on small projects rather than tangible growth and building a valuable client list, consider packaging your existing products or services differently.

Try to be as realistic as possible. However, the academic literature supporting the value of a business plan is limited, particularly on how the plan directly affects entrepreneurs and their standard of living.

journal article for writing a business plan

Rue, L. Other studies of the value of a business plan have focused primarily on the business plan's use as a vehicle for securing funding.

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An investor reviewing your plan may have questions regarding your projections, and if they have to contact you to ask questions and review figures, that may be enough of an inconvenience to stop the process.

Fiet, James O. Journal of Small Business Management, 29 1 Revisiting and revising your business plan? Your chance of success with investors improves substantially if they feel you can account for the funds.

Journal of Small Business Management, 29 1 , Heriot, Kirk C. Bartlett, Sarah Journal of Small Business Strategy. Zachary Repurpose If your time has become more focused on small projects rather than tangible growth and building a valuable client list, consider packaging your existing products or services differently. Further evaluation confirms the value of this discovery, the potential of which is even greater than you first expected.
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Writing your business plan