(PRWEB) January 01, 2014
"One of the most common misconceptions we hear is the idea that a sole proprietorship doesn't require a business plan," said Joseph Ferriolo, director of Wise. "Nothing could be further from the truth. Sole proprietors have to be brave, smart and business savvy from Day 1 to succeed -- and it's impossible to drive a company to success without a road map to getting there."
Ferriolo said those new to doing business for themselves often think a business plan is simply a way to outline staffing needs.
"Yes, personnel forecasts and staffing outlines are an incredibly important part of a strong plan," he said. "But the goal of almost every business is to grow. And to be in a position to grow, you have to know what the current needs of your company are while also projecting future requirements."
Wise plans are fully customized to meet each sole proprietor's individual needs, Ferriolo said, and there are so many facets to a complete business plan that have little to do with staffing.
"Sole proprietors can still seek funding; they also need marketing strategies, a clear business objective and myriad other vital pieces of information some new entrepreneurs may not even think to get together," he said. "From the latest market research to cutting-edge social marketing concepts, Wise plans become an invaluable guide to building success, one step at a time."
For those looking to keep their first business plan small and easy-to-manage, Wise offers everything from a 6-page mini plan to easy-to-follow, 12-to-20-page Small Business Administration Plans that contain everything vital to a strong business plan and are guaranteed to be SBA compliant.
"We exist to empower our clients, no matter the size of their businesses," said Ferriolo, "We have great respect for sole proprietors, who are truly the pioneers of the business world, and we are standing with them in their quest for personal success in 2014."
Wise Business Plans (http://www.wisebusinessplans.com), staffed with professional MBA writers, researchers and financial experts, is a trusted partner for businesses across a broad spectrum of products and services. Our mission is to empower our clients to make the best possible business decisions, boost company performance and facilitate their funding success by laying the groundwork for strong businesses that excite, inspire and retain talented and exceptional employees.