Writing a Business Plan

Business planning

According to a Wells Fargo survey, only one in three small business owners have a formal, written business plan.

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Business Planning

According to a Wells Fargo survey, only one in three small business owners have a formal, written business plan.

Business owners who reported having a formal, written business plan were more likely to say that in the next 12 months they anticipate: 32 percent said adding jobs at their company 39 percent said increasing captal spending 62 percent expect revenues to increase 26 percent intend to apply for new credit

For business owners who do not have a formal, written business plan, the anticipation was much lower with: 19 percent anticipating adding jobs at their company 29 percent anticipating increasing capital spending 51 percent anticipating expecting revenues to increase 14 percent anticipating intending to apply for new credit

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