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Is a business plan mandatory for a small scale job that makes extra money?

I will be starting a small custom apperal and accessory business. I won’t be needing loans or investors. I will be purchasing cards and conducting consultations. I also expect income tax for losses, but is a long wordy plan necessary?

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1 Comment on “Is a business plan mandatory for a small scale job that makes extra money?”

  1. #1 AuctionArena.com
    on Feb 28th, 2009 at 6:56 am

    Not, it is not. However a plan would be great so you know where you are headed and can track your progress to make sure you are on track.

    Jason

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