Absolutely   or   maybe !!! If you intend to seek financing from a bank or another outside source, you absolutely need to have a well written, well thought through business plan. More than that, you are unlikely to get anyone to take you seriously if you don't have a solid business plan.

       We, however, are going to strongly suggest you don't seek outside financing during the initial phase of developing your business. You will still need to think through all the details of your business. It will be very helpful if you write your ideas down. But during the early stages of developing your business, you may want to spend most of your time making things happen, keep the plan in your head and make the adjustments necessary as you go. Your plan will develop as you make notes and put your business together. Maybe your initial focus will be to test the reality of your business by doing things like making your first few sales and talking to potential employees.

       If you ask someone to write your business plan for you, expect to pay something like $25,000. Once again, we strongly encourage you to begin to make it happen, to make notes, to make sales, to talk to potential employees and as your business begins to take shape, then write the business plan to enable you to grow. Chimorel can help. If you are ready to make your business idea real and you do most of the work, it may cost a lot less than $25,000.