Small Businesses Need Business Plans Too

One great thing about small businesses is their ability to produce results.  They don't have to worry about many of the things that slow down corporations like stock prices and endless reporting.  With less administration needed they can spend more of their time generating revenue and growing the business.  But how should the business grow?  Where should the business go to find new customers?  What products or services can be included to help the company succeed?

These questions (any many others) should be answered by creating a business plan.  Business planning is critical to any business's success, but all to often is overlooked by smaller companies.  It's also important to review your business plan on a regular basis (monthly, quarterly, annually, etc.) and make revisions as needed. 

Below are links to a couple of great (and free) resources to help start the planning process.

http://www.sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html

http://www.entrepreneur.com/businessplan/