The Business Plan
The past few years have brought about significant changes in Alberta's economy and the global economy as a whole. These changes have had a profound impact on small businesses, with shifts in customer bases and evolving best practices. To navigate this dynamic landscape, businesses need an up-to-date business plan.
A Living Document
Whether your business is just getting started or has been established for years, your business plan should not be static. Instead, it should be a living document that adapts to the ever-changing business environment. Regularly reviewing and updating your business plan can help you stay ahead of the curve, identify new opportunities, and address potential challenges. By keeping your business plan current, you maintain a clear understanding of your company's objectives and goals even while the market changes. That way, you can adjust your business strategy accordingly and take advantage of opportunities while avoiding potential pitfalls.
An Essential First Step
A business plan serves as a roadmap, guiding you in defining your company, setting realistic goals, understanding your target customers, and securing funding. So, writing your business plan is an essential first step when establishing your business. The process of writing your business plan will help you better define and organize your ideas. The resulting business plan will serve as a communication tool when talking to potential investors and partners. If you're unsure where to start, we recommend watching our video titled "Small Business Basics: Business Planning.” This video provides an overview of how to construct a simple yet effective business plan.
Resources Available to You
To make writing a business plan easier, Community Futures Wild Rose offers free business tools and resources, including our Business Plan Tool created by our partners at BusinessLink. Our free resources provide valuable templates and guidelines to help you structure your plan and ensure you cover all the necessary aspects.
If you require additional guidance or personalized support, our analysts are here to help. You can reach us by email at
Community Futures Wild Rose understands the challenges businesses face in today's rapidly changing market. Our mission is to empower entrepreneurs and small business owners by providing the tools, resources, and guidance needed for success. We encourage you to take advantage of our free consultation services and start building or updating your business plan today. Contact us for a complimentary consultation today.
