Why write a business plan?
5 Reasons Why You Need a Business Plan Would you have someone build a house for you without a blueprint? Would you be confident that the house would pass inspections and be up to code if they didn't? Consider a business plan for your business the same as a blueprint...
WHY IS THE BANK ASKING FOR A BUSINESS PLAN IF I NEED A LOAN AND I HAVE THE COLLATERAL?
Many entrepreneurs or first-time business owners wonder why is the bank asking me for a business plan if I have the collateral to back up the loan I am requesting? Banks ask for collateral to protect the money they will lend you. This collateral may be in the form of...