Developing a Business Plan

Developing a business plan is important because it enables you to see where you're going, and eventually where you've been. It can be compared to creating a recipe. You want to make sure all the basic ingredients are there, and as you work on your creation you will make changes to improve it along the way. A plan should include information such as: what you intend to do; how much money you want to make; how much time you are able or willing to spend; how you plan to finance your business; and how you plan to grow through the years. Think about what you want to do now, and how you want to develop your business in the future.

Since most of us are more interested in our passions of making crafts, this task seems very dull and maybe intimidating. But, there is help available. Homemade Money by Barbara Brabec includes a step-by-step guide to writing a business plan. I recommend you call your local library or stop by the bookstore soon to pick up a copy of this book, which has a lot of other helpful business advice.

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All graphics created by Tammy Powley.