Because of the risk and the amount of money involved, writing a business plan for a new restaurant is even more important than it might be in other industries. While not everything will likely go exactly as you planned, if you have a business plan you’ll certainly minimize your risk and make it that much more likely that you’ll find financial success.
The basic idea of a sample business plan makes perfect sense. If you haven’t done a business plan before, a sample plan gives you an instant idea of what you should include, how to structure it, even what to write. Here's how to get the most out of a sample business plan.
The importance of having a business plan and reviewing it regularly goes far beyond simple planning and goal-setting. The key is to just get started. It’s really not as hard as you might think! It doesn’t have to be a formal business plan that’s 200 pages long—or even 20—and you don’t need to spend months on it.
Working on writing your business plan and looking for some tools or resources to make it easier? You don’t have to start from zero or reinvent any wheels. Here are some tools and resources that can help.
The sourcing and fulfillment section of your business plan explains how you build that product. Here's why this section matters, and how to write it.