Starting Out with a Good Business Plan | Farmers Financial Focus

YOUNGSTOWN, Ohio — Whether you’re just starting out or have an existing business, having a solid business plan is essential for success, says Gregory Ensley, team leader for commercial banking at Farmers National Bank.

“I view it as pretty much a blueprint,” Ensley says. “Kind of a roadmap of where you’re going to take your business.”

In this installment of the Farmers Financial Focus, Ensley breaks down exactly why a business plan is so important, how far ahead a company should make its business plan, some common mistakes made in business plans and what might require a company to alter its business plan.

Click HERE for more from the Farmers Financial Focus video series.

Copyright 2022 The Business Journal, Youngstown, Ohio.