Maryland Small Business Development Center

Business Plans

Your Road Map to Success

No matter what kind or size of business you are starting, it is very important to create a business plan. It is your road map to success. It communicates your understanding of the business, including reasonable assumptions and forecasts of sales, expenses, and cash flow.

Planning is best as a process, not just a document. No one can tell your story better than you. Writing your plan will help you understand fully what will be involved in running your business and anticipate how you will address certain issues.

A Tool for the Future

Business planning never stops. Once you've created your initial plan and begin implementing it, you'll need to revise it as your business grows. The planning process is a powerful tool and as you make regular progress reviews, track metrics, and watch for changed assumptions, you will adjust your plan accordingly. Even successful business owners should maintain a current business plan to ensure they remain knowledgeable on the elements that can affect continued success. Here's a suggested Business Plan Outline and an explanation of each section to get you started.

I'm Starting A Business

If you are planning to start or even thinking of starting this will assess your readiness.

Smart Start Assessment

I'm A Business Owner

If you are already in business this assessment will help us determine your needs.

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