WBDC Managing Director of Program Innovations, Lindsay Mueller shares the three steps business owners must take when creating a business plan.
Business plans are vital tools to help guide entrepreneurs through the foundational stages of creating and growing their venture. The Small Business Administration (SBA) outlines the two types of business plans: traditional and lean startup. While these business plans might differ in length and detail, they both effectively outline and organize what the business will entail. This not only helps business owners understand the most important aspects of their idea, but it also helps explain the business idea to outside parties who will be helpful in getting the business off the ground.
Read the full column here.