On Fridays, I answer your small business questions in a video blog segment titled Ask Small Biz Lady.  This week, we are taking on the question; is a one-page business plan adequate for a small business?

Click here to view this and more answers to your questions. 

Not hardly!  I do not think you need to write a book, but you do need to write a plan that can answer these questions: What business are you in? Who is your customer? Why will they buy from you? How will your company operate? How much money you need to run this business? How will this business make money? And how soon?

Use business plan software such as Business Plan Pro which offers readymade formulas that can really cut down on guesswork.  Also, follow it up with a business plan course to complete your roadmap to success, like I suggest in my book Become Your Own Boss in 12 Months, your instructor will have information and resources that can help your complete your budget, financial projections, and your overall business plan.

If you have a question for Melinda Emerson, Small Biz Lady, I’m always here as a resource.  Leave a comment on this article, send a message using the contact us page, tweet me – @smallbizlady, find me on Facebook or you can hit me up on LinkedIn