A business plan includes a current and pro forma balance sheet, an income statement, and a cash flow analysis. You will use the business plan to help you allocate your resources and make just about every decision along the way.
Because it is a plan outlining every detail of your company and how you will repay borrowed money, a good business plan is a crucial part of any loan application.
It also is the basis for good leadership for yourself or your manager and your employees. For expert help on writing a business plan, see the starting a business section of the Small Business Association’s web site.www.sba.gov
Don’t get bogged down by the details at first. Start with an outline of your proposed business, and stick to the basics. Create broad topics such as Market, Facilities, Staffing, Insurance, Advertising, etc. Then you can shuffle the cards and add details as you learn them. Before long, you’ll have a pretty good picture of your new flower shop. When it comes time to put the business plan into writing for your bank or for a lending organization, you’ll have most of the information at hand.