Business Plans are conspicuously missing from most businesses today, but the importance of a well written business plan is immeasurable. A full 48 to 60 hours should go first and foremost into the thought process for establishing your business plan and writing, editing, and finalizing is beyond that.
As of mid-2009, this particular business plan model has been used successfully by over 600 businesses in Arizona – 125 of which have obtained bank/venture funding in amounts from $50,000 to $9,000,000.
At Media Spinach we write all business plans to be ready for growth, funding, exit strategies or acquisitions and mergers. We have found that most agencies cannot do this for their client base because their base of understanding is limited to creative not growing your business by addressing all pertinent aspects.
A good business plan is designed to clearly define the processes and procedures of your business and can be a defining platform and a guideline to success. These are usually for internal business development purposes and can help support your market message and ultimately your vision.