Pennsylvania SBDC

Cookies are very small text files that are stored on your computer when you visit some websites. The first example discusses the restaurant business and the second the construction industry, While these examples do not refer to specific companies, they nonetheless offer insightful information on the specifics of SWOTs in their respective industries.

Business plan is a detailed study of the organization’s activities, which highlights where the organization has been, where it is owe and where it might get to in the future, and incorporates an action program to achieve these results.” (M.Coulthard, A.Howell,G.Clarke, 1999:3).

For instance, a restaurateur is wasting time using a business plan for an IT company – they just don’t have the same focus.” He adds that it’s important use a simple and easily formatted document so that you don’t end up wasting time getting the business information embedded in the right place.business plan

An S corporation has one class of stock and no more than 100 shareholders, none of whom can be another for-profit business or a person without a green card who doesn’t meet IRS residency requirements Profits are taxed on shareholders’ tax returns, and shareholders have limited liability.business planbusiness plan

I don’t intend to argue here for or against business planning, but it is fair to say that if you are seeking capital (money) for your business in respect to loans, grants or investment, then you will most definitely need to write a business plan – and the only person qualified to do it is the person who owns the business.