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Can a One-Page Business Plan Work for Your Business?

November 10, 2011 /

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Putting together a formal business plan can be so daunting that it can prevent would-be entrepreneurs from starting a business altogether.

Is this traditional plan necessary for small businesses? In some cases, such as trying to obtain a bank loan, a formal plan is required. But in others, a one-page plan is sufficient to start and successfully operate a business, according to Adam and Matthew Toren, co-authors of Small Business, Big Vision and owners of Business Plus Media Group, a media company in Phoenix, Ariz.

Here are the key elements of a one-page business plan:

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