A Business Plan Helps Even Seasonal Small Businesses to Survive

When you own a seasonal small business, survival can be a challenge during your "off-season." But, did you know that a solid business plan can help you avoid those lean times?

It's true... when you have a sound business plan that includes a detailed financial plan – with a 12-month cash flow forecast and a cash reserve that will carry you all the way through your off-season – you should be able to minimize the impact of lost seasonal business and income.

One strategy that can help is to apply for a seasonal loan from the Small Business Association or other lenders. You will likely be evaluated for eligibility based on size, your type of business and structure and how you plan to use the loan. Seasonal loans can help you maintain inventory when business is slow and may be revolving or not.

To learn more about how to write a sound business plan, see our Writing a Business Plan article.

To your success,
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