How serious are you in developing your business? Well let’s take a look at your plan. If you are a business owner your focus is on what? Your business sales! Who has time to sit and create a effective business plan? Most business plans take about 100 hours to develop.

Do not forget to include projections, cashflow and balance sheet analysis. Easy to read graphs are always a plus as well. The problem is that many business owners do not have the knowledge or expertise to create, analyze and graph the results.

The associates at SMS | LLC have over 15 Years of experience working with a multitude of businesses, banks and lending requirements for small, medium and large businesses.

Successful business plans are developed from those who talk about their business. Telling people about your business plans, pricing and strategy will create the habit of always promoting your business and brand to the public.

When you are looking for lending, banks want to make sure your plan for success is clear, understandable and realistic. Their job is to punch holes in your business model and find weakness that could cause risk to your success. Do NOT give them the opportunity to question your credibility. Not only should you have a business plan to present but you should have it memorized. Many banks might not take the time to read your plan, however they will ask you the questions that go hand in hand with your plan. Stay consistent in your message, on paper and in person.