If you’re thinking of starting a quilting/fabric arts business, whether solely on the Internet or a shop in your home where customers stop by, it’s a good idea to develop a business plan. Even if you’ve started your quilting business and don’t have a business plan, you could benefit by developing one for future direction and growth. If you’re considering going to a bank for a loan or start-up capital, you’ll definitely need to show you have a plan.
Laura Spencer at Writing Thoughts has reviewed a book, The Ernst & Young Business Plan Guide, that’s worthwhile to consider when you’re developing your business plan.
“It’s basically a book that teaches the business person how to create an effective business plan,” Laura says. She also mentions, in her review, reasons why a business is never too small to develop a business plan and how this book might help you.
(Although Laura writes a column basically for writers, her business information has application for any small business, including a quilting or fabric arts business, a quilt fabric shop, or related venture.)
I hope your suggestions help, too, Laura. So many people jump into a home business or quilting/craft business without thinking it out. That may work for awhile, but for long term you need plans.
Wow! Thanks for linking to me here. I hope that this helps many who are looking to start their own quilting business.