Let's Talk Business-The Importance of a Business Plan

Whether you're a budding entrepreneur or want to grow your business, this series presents essential business topics, provides a forum for networking, and promotes success in today’s dynamic business environment. Participants may attend one, two, six, or all sessions.

Session 2 – The Importance of a Business Plan

A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business. It’s a way to think through the key elements of your business.

Business plans can help you get funding or bring on new business partners. Investors want to feel confident they’ll see a return on their investment.

This session presented by UTRGV Small Business Development Center and will provide information on the power of business planning and why it’s important to prepare a business plan.

A sound business plan will:

• Define and focus on your business objective
• Be an essential part of the loan application process
• Be used to obtain advice from experts
• Uncover omissions and/or weaknesses in the business idea & planning process
• The key components of a business plan

Know what’s Happening Next — before everyone else does.

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Host or Publisher SBA Lower Rio Grande Valley District Office