If you have a corporation, or plan on opening a one, you should develop a business plan. A plan is an essential item for any corporation. There are many benefits that a properly developed plan can bring to your business. Below is a short discussion regarding what a plan is and how it can help your corporation.
What is a Business Plan?
A plan is a statement of a business’ goals. It also contains information regarding how the corporation will attain these goals. A proper business plan will integrate the corporations’ financial statements and projections as well as state the strengths and weaknesses of the corporation.
Getting Help Writing a Business Plan!
Chances are that you have little experience writing a plan. Fortunately, there are many resources to help you prepare an effective plan. You may want to consult your attorney. A corporation attorney has likely seen many business plans and also has probably helped many clients write plans. It is worth asking your attorney if they could provide assistance. Also, an accountant or a corporation consultant may be able to assist you in the process.
Since a janitorial business is a unique company, it would be wise to seek professionals that that experience writing a plan.
When to Create a Business Plan!
The best time to create a plan is when you are first forming the corporation. However, even if your corporation has been around for years, it is still beneficial to create a plan. Your corporation should always have goals and you should have a plan for achieving those goals, no matter what age your corporation is.
Also, it is important to remember that your corporation is always changing. As such, you may find that you have to change your plan. Your goals may change as other circumstances change. It is advisable that you review your plan each year and update it if necessary. Also, as you meet certain goals, you will want to create new goals to stretch your company and to help it grow.
Benefits of a Business Plan!
Of course, what is the point of creating a business plan if it does not provide any benefits? One of the main benefits is that a plan will memorialize your corporations’ goals. This will allow you to focus on your goals, which will help your company grow.
Another benefit is if your company needs financing. Often, when a small company needs financing, the lending institution will want to see the business plan. If the plan is effectively written, it is more likely that your company will receive the financing it needs. However, if your plan is poorly written, you may be denied, even if you have a good corporation.
Decide on a plan today!
Now that you are familiar with what a business plan is. You should go out and create your janitorial business plan today to help your company achieve its goals. Remember, franchising is the best kept secret of the 21st Century!
Dr. Edward J Files is an accomplished website developer and author.