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No matter how small your business idea, a business plan can help you build the confidence you need to get to opening day. Business planning is not just for large or high-growth ventures, and it really shouldn't be put off until you need to borrow money. As healthy as the planning is, many small and microbusiness owners will put it off as long as they can. And it's easy to understand why. Business planning involves the tedious process of organizing your thoughts and getting them onto paper, more likely into a wordprocessor. It includes a whole whack of potentially unfamiliar activities, such as researching, writing and building a credible set of financial projections.
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