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Business360.Pro is pleased to provide a variety of resources on accounting, taxation and other related subjects that I hope will be helpful to both individuals and businesses.

If you have any questions, simply contact me by email or call 778-968-2850. I will be happy to meet with you for a free, no-obligation consultation.

Do I need to hire a consultant to write a business plan?

plan Can I write a business plan?

Not necessarily, but you might.

A Business Plan is a tool where management outlines what the company will do and how it plans to achieve its goals.

Generally, a bank needs to be confident that you can execute the plan. While we focus on the term “business plan,” the lender wants to know, “if we advance this money, how do we know it will be paid back?”

Banks don’t like to take risks because larger loans carry greater risk. The greater the loan, the more detail they will want.

Let’s say you want to borrow $10,000, and your record with your bank has a reliable history. The plan could be simple, like a summary of your goals with a three-year projection of income and expenses.

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