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Why Have a Business Plan?

Why Have a Business Plan?

Often, business owners are under the belief that the sole reason for a business plan is to help with securing funding or investments from outside sources, such as banks or other lenders. Contrarily, a business plan is a further-reaching tool that outlines to you, the owner, and to third parties, what direction your business will take.

For business owners, the two key features of a business plan are that it establishes the groundwork for:

  • accountability, and
  • goal-setting.

A business plan is your window into all aspects of your business at one time. Within the document are sections that outline your business’:

  • value proposition,
  • marketing assumptions,
  • operations plan,
  • financial plan, and
  • labour/staffing plan.

Why have a consulting firm write your business plan?

Business plans are technical documents that cover a broad scope, looking at almost all aspects of your business. They’re one of the keys to your venture’s success, because of the questions and analyses these documents unearth. It takes a keen eye and a wealth of experience in understanding new ventures and established businesses, as well as market trends and investor attitudes to create a well-thought-out business plan that can save your business from problems before they arise.

With nearly 30 years under our belts of writing thoroughly researched, concise and expertly organized business plans, New Venture Consultants has an impressive track record of getting Alberta- and Western Canada-based business owners on the right path toward the successes they imagined.

Call New Venture Consultants today to inquire about getting started on your business plan for small business or for established businesses. We can be reached at 403-241-0503 in Southern Alberta or 780-669-9645 in Northern Alberta, or by email using the contact form below.

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“My business plan was approved no questions asked just before Christmas, so I just wanted to thank you again.” 

Chris H.
Business Owner, Calgary

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