At some point in the growth cycle of most businesses, they need access to funds for payroll, capital investment, stock on hand, expansion or rebranding. However, there are a lot of criteria that determine what type and how much funding a business is able to draw.
A business plan is one of those tools that may seem tedious to create but will be essential to your company’s long-term success. As business owners, we often assume we that we know where our company is going, that the unexpected will never happen, that the company will grow as its expected to.