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Frequently Asked Questions

What is a business plan?

First Stop Business Center - Frequently Asked Questions
A business plan is a written, detailed description that serves as the "resume" for the business, identifying its goals. It also can include information about the entity's financial standing, resources, decisions and plans. Business plans may also be used to keep invested parties informed about the company's operation and goals.

Where can I get assistance in writing a business plan?

First Stop Business Center - Frequently Asked Questions
There are many resources available that provide information on writing a business plan. Libraries, the Internet, and nonprofit organizations that specialize in this area are excellent resources. This booklet also contains some information on organizations that provide a variety of services, including creating a business plan. Please feel free to contact any of the listed organizations for more information and/or assistance.

How do I create an escape plan for my home or business?

Riverside County Fire Department - Frequently Asked Question...
The four basic steps in creating an escape plan for your home includes: drawing a floor-plan of your home; agreeing on a meeting place; practicing your escape plan; and making sure your exit drill is realistic. For more information on Exit Drills in the Home click here or visit your local fire station .

Why does my company need a business plan?

First Stop Business Center - Frequently Asked Questions
A business plan can be considered a crucial part of a loan package. It provides specific and organized information about the company and can explain how a loan will be repaid. A business plan may also serve as a guide to keep owners focused on the entity's goals.

What if I already have a business plan?

Axxess New York Business Consulting - Frequently Asked Quest...
Many clients come to us with a written summary of the idea that they wish to pursue, the product or service they want to produce and the market they intend to target. Some clients have even taken a stab at forecasting how much revenue and profit they hope to make over the next several years. And that's a great start - but it's generally not what we'd consider to be a business plan. At Axxess Business Consulting, we create our business plans using a technique called "bottoms-up forecasting.

Do I need a Business Plan even if I own a small business?

GRIGORIAN BUSINESS CONSULTING FIRM
Absolutely, your business plan could be only few pages, but it will be a great sale tool and can serve as your company brochure.
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