Business Plan of Precision Auto Detailing Chad and Kyle need a business plan for several reasons. It will allow them to set out their vision, goals and objectives for the business and how they plan to achieve them (SBA). It will also allow them to communicate their business to prospective investors, management team members, employees and strategic partners. Whether they plan to seek an angel investor, a venture capitalist or a banker, a business plan will most likely be one of the first things requested. It should be interesting and capture the attention of the reader so that it stands out among all the business plans an investor or banker may read (Mckeever, 208, p. 54). As new business owners, Chad and Kyle may find the business plan to...The end:
.....concerns perceptions of risk and opportunity (Mckeever, 2008, p. 54). Kyle and Chad must make sure that their plan emphasizes the opportunities for their future success, while at the same time pragmatically addressing perceived risks. References Lawrence, S. & Moyes, F. (2004). Writing a Successful Business Plan. Regents of the University of Colorado. Accessed from http://leeds-faculty.colorado.edu/.../bplan/Plan/Writing%20a%20Successful%20Business%20Plan%202004v4.pdf. McKeever, M. (2008). How to Write a Business Plan (9th ed.). San Francisco: Nolo Press. U.S. Small Business Administration (SBA). “Write a business plan.” Accessed May 3, 2010, from http://www.sba.gov/smallbusinessplanner/plan/writeabusinessplan/SERV_WRRITINGBUSPLAN.html.