Monday, June 7, 2010
This week I am starting on my business plan. Not really the most exciting thing but important nevertheless.
A business plan is essential for many reasons. One of which is that it is required to get a business loan. Another good reason is that it helps to keep you on track with goals,profit expectations and growth. It's a good thing to just keep referring back to while in business and always updating with new objectives.
It is important for me to have a plan in place for kendall k. since we will (hopefully) need to obtain a small biz loan for production. You see, once the orders have been placed, then the factory will start the production process. We will have to pay the factory for production before we see any money come in from the orders. Depending on the order size, production can be very costly. So needless to say, I'm hoping that we need to get a loan!! :)
Posted by kendall k. at 11:12 AM