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You Need A Business Plan

Planning is a key attribute of a successful restaurant operation. Whether you operate an existing restaurant or are planning to open a new restaurant, you need a restaurant business plan.

Why Write A Business Plan?
A business plan is a written course of action. It is a precise set of pre-calculated financial results that your business will achieve. The business plan outlines the exact step-by-step actions that will be taken to achieve those results.

Once your business plan is complete, it gives you a set of guidelines to operate your business. Results are constantly compared against the plan goals. You can quickly determine if you're on track or if adjustments need to be made to get back on track.

The business plan also communicates to interested parties outside the business that your business is well‐planned and feasible. A business plan is a working document that changes as your business changes.(1)

Get Help To Write Business Plan
Writing a business plan is time-consuming - not a quick process. Much thought must be put into the project along with lots of facts and figures. However, the process will set you on a course of success as long as you follow the business plan.

According to the Small Business Administration (SBA), a business plan provides specific and organized information about your company and operations.(2) The basic components of a business plan include a current and pro forma balance sheet, an income statement and a Cash Flow Calculator.

You can complete your business plan faster and more accurately by using:

(1) Steps To Success by the University of Alaska Center for Economic Development

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