A good business plan guides you through each stage of starting and managing your business. You’ll use your plan as a roadmap for how to structure, run and grow your new business. It’s a way to think through the key elements of your business.

Business plans can help you get funding or bring on new business partners. Investors want to feel confident they’ll see a return on their investment.

“The Importance of a Business Plan” on Feb. 7 at the SBA Lower Rio Grande Valley District Office provides information on the power of planning and why it’s important to prepare a business plan.

A sound business plan will:

• Define and focus on your business objective
• Be an essential part of the loan application process
• Be used to obtain advice from experts
• Uncover omissions and/or weaknesses in the business idea & planning process
• The key components of a business plan

Register online.