Business Plans

What is a business plan?

Asked Sunday, February 12, 2012 by an anonymous user

CPA Answer:

A business plan is comprehensive planning document which clearly describes the business developmental objective of an existing or proposed business. The plan outlines where the resources needed to accomplish the objective will be obtained and utilized. It should also guide you to act on your intentions and benchmark your steps along the way and be written on a format that allows for collaboration among your employees and partners. For more information go to FundingRoadmap.com
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Business Plans

Why is a business plan important?

Asked Sunday, February 12, 2012 by an anonymous user

CPA Answer:

It summarizes both your vision for the company and your blueprint for the company’s operating success. The business plan is a written guide that details the start-up and the future direction of your company. For more information go to FundingRoadmap.com
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Business Plans

If I am not applying for a business loan, why do I need a business plan?

Asked Sunday, February 12, 2012 by an anonymous user

CPA Answer:

The purpose of a business plan is to guide you in successfully operating a business. Preparing a plan forces the entrepreneur to consider all aspects of the business and to confront any problems the plan may show you along the way. FundingRoadmap.com
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Business Plans

How do I determine my startup costs and operating expenses?

Asked Sunday, February 12, 2012 by an anonymous user

CPA Answer:

Each expense should be listed on a proposed budget sheet. Costs should be researched. Some items on your budget sheet will be "fixed costs" in that they have no relationship to the cost of your product or service. Other costs are called variable costs as they are directly related to the services or quantity of products you sell. To learn more go to FundingRoadmap.com
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