What is a business plan and do I need one for Open for Business?

The City of Branson Open for Business Program is a resource to assist businesses interested in locating, growing or expanding a business. A business plan is recommend, but not required, when operating a business.

A business plan precisely defines your business, identifies your goals and serves as your firm's resume. It describes the products and services you will sell, the customers to whom you will sell them, the production, management and marketing activities needed to produce your offerings, and the projected profit or loss that will result from your efforts.

The business plan allows you to apply your research to your decision-making. Although a plan is time consuming, it is important to business success. Completing the plan forces you to examine all decisions of management, marketing, personnel and finance in an objective and organized way. Another important benefit of the planning process is that you will project the amount of financing needed for start-up and the early stages of your business. Therefore, the business plan becomes a useful tool in securing capital before start-up. Then the plan becomes your owner's manual guiding your daily operation and activities. Business planning is an ongoing activity. Existing businesses, as well as start-up firms benefit from writing and updating their goals, plans and activities.

Technical assistance and training is available throughout the state of Missouri to help you develop a business plan. Service providers, such as the MOSourceLINK and U.S. Small Business Administration (SBA), specialize in providing help you develop your business plan. They also sponsor specialized training sessions for small businesses and potential entrepreneurs.

Show All Answers

1. Is Open for Business a requirement to open my business?
2. Who do I contact first?
3. How much does a business license cost?
4. How can I find out if a location is zoned for my business?
5. I am opening a new business. Can I have banners or signs that announce that my business will be opening soon, and do I need a permit?
6. What is a business plan and do I need one for Open for Business?
7. Where do find and submit my business license application?
8. How long will it take for my business license to be processed?
9. How long is my City of Branson business license valid?
10. Do I need a building permit?