What advice does the SBA offer on how to create a business plan?

The Small Business Administration guides people through the process of creating business plans by identifying the basic parts and advising how to efficiently develop those elements. The SBA often advises people to consult local SBA partners, such as the Service Corps of Retired Executives, to assist with writing business plans.

The SBA calls the business plan a road map for success because it identifies the steps the company needs to follow in order to prosper. Some of the business plan advice includes how to articulate the company profile and goals, how and why to do a market analysis and how to complete financial projections.