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.
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