Writing a Successful Business Plan

Everything you need to know about writing a successful business plan will be covered in a FREE upcoming Business Plan Writing series presented by the Vaughan Business Enterprise Centre (VBEC):

Business Plan Writing Series
Every Tuesday from July 8 to 29
6:30 p.m. to 8:30 p.m.
Vaughan City Hall, Committee Room 244
2141 Major Mackenzie Dr.

Register now for these free seminars.

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A Roadmap to Success
Successful business growth is like travel: with the right map, you will reach your destination. A business plan is what every business needs to reach its goals.

Many companies believe that business plans only apply to startups, but this is a myth. As a result, many of those companies miss out on the opportunity to better manage themselves. A business plan is just as important for startups as it is for any other company.

The Benefits of a Business Plan
There are many benefits to implementing a business plan for small and medium enterprises. It helps to:

  • Guide a company’s growth
  • Manage a company’s priorities
  • Assign responsibilities among management and employees
  • Track a company’s progress
  • Plan cash flow

Proactive vs. Reactive
Although growth of a business depends on many factors – like the overall economy and changing market needs – a business plan helps a company operate proactively instead of reacting to changes as they happen. A plan prepares a company by:

  • Highlighting its SWOT (strengths, weaknesses, opportunities and threats)
  • Having predetermined goals and objectives in place
  • Identifying priorities

Think of a business plan as a company’s barometer, tracking progress in relation to targets. Without a plan, how can you tell whether or not you are moving in the right direction? What would you measure the company’s progress against? A business plan allows business owners to track progress, measure results and manage the business.

Business Budgeting
Finally, a business plan is instrumental for developing a budget and planning for the availability of working capital to implement your business strategies.

Dwight Eisenhower once said, “The plan is useless, but planning is essential.” If you don’t plan, the opportunity to use the planning process to steer and manage the company is missed.

VBEC: events, seminars and workshops
VBEC is your business resource, whether you’re thinking of opening a business, formulating your business plan or undergoing change in an established business. VBEC has the expertise to propel your enterprise forward by offering regular seminars and workshops.

Want to know more about the business planning process? Join us for our upcoming Business Plan Writing series:

Business Plan Writing Series
Every Tuesday from July 8 to 29
6:30 p.m. to 8:30 p.m.
Vaughan City Hall, Committee Room 244
2141 Major Mackenzie Dr.

Speaker: Julia Gersh, VBEC Small Business Consultant

Register now for these free seminars.

Julia Gersh
Small Business Consultant
Vaughan Business Enterprise Centre

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