Developing a business plan is a critical step for both new and existing businesses. Not only will developing a plan improve chances for business success, it can also serve as a communication tool for potential lenders in obtaining financing for the business. In addition, a business plan can serve as a management tool and guide for business growth.

The process of business plan writing is as important as the end result. Going through the business planning process allows the business owner to examine issues such as the market, industry dynamics, and financial feasibility. The business plan is not a static document. Rather, it is dynamic and will change as the business grows and changes.

The ASBTDC offers a variety of types of assistance to new and existing business owners that are developing a business plan.