This is particularly helpful if your idea isn't fully fleshed out and you know you have homework to do--it prompts you for information.
Who said a business plan has to be a long, complicated document?
Related: 7 Steps to a Perfectly Written Business Plan You can visit our small business encyclopedia to learn more about business plans or our Form Net area to get the necessary forms to get started.
Video: What Investors Really Think About Your Business Plan.
A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it.
If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of one. You start here, today, with certain resources and abilities.
And you want to get to there, a point in the future (usually three to five years out), at which time your business will have a different set of resources and abilities as well as greater profitability and increased assets.
Your plan shows how you will get from here to there.
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