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Home-based business plans

Question
Why do I need a business plan for my home-based business if I'm funding the start-up myself? 
Answer
For the same reason you wouldn't plan a long trip without looking at a map or asking others for advice. A business plan is your roadmap to success, just as it is for any small business - regardless of whether you are seeking a business loan.

Many entrepreneurs feel writing a business plan is an overwhelming project and just don't do it. Research must be done and details must be worked through. But if you break the components of a business plan into smaller pieces and work at it a little at a time, the project passes more quickly. More importantly, you will increase your chances of creating a successful, rewarding business.

Still wondering how to write a business plan? Search and research the concept on this site and online; various free or inexpensive business planning software and resources exist. 
Brain Trust contributor: Co-Author of The 30 Second Commute
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