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What is a business plan?

A business plan is like a road map - it takes into account the surroundings and gives you a path to where you want to go.

No business can be started without a plan, the considerations of expenses that are corollary to a product or service provided are often too great to consider without a framework that lays out all necessities and contingencies. A good business plan also takes into consideration the market realities, where theoretical projections are put to the litmus test and plans must be adjusted in the face of changing conditions.

A business plan can then help if it works like a checklist, ensuring that the process is well thought-out and that surprises are avoided.

The Business & Technology Incubator helps with this, providing support and consultation in the process of writing a business plan. Come to one of our open planning sessions or set up a time to talk with us about your business idea.