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6 Key Parts of a Small Business Plan – Business.com

6 Key Parts of a Small Business Plan – Business.com

Many small businesses lack a full financial plan, even though evidence shows that it is essential to the long-term success and growth of any business. For example, a study in the New England Journal of Entrepreneurship found that entrepreneurs with a business plan are more successful than those without one. If you’re not sure how to get started, read on to learn the six key elements of a successful small business financial plan.What is a business financial plan, and why is it important? A business financial plan is an overview of a business’s financial situation and a forward-looking projection for growth. A business financial… 

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