How to Write a Business Plan for Your Machining Company

Writing a business plan forces machining company operators to focus on the details of the business, understand the risks, and establish a roadmap for future growth. It can also be used to attract and secure funding. The document should include the usual elements found in a business plan, along with information unique to a machining company, such as details about manufacturing equipment, regulatory compliance, and ISO certifications. Business plans can be created at any time, whether it’s the early planning stages or when a business has already been operating for some time but could benefit from a roadmap. How Long Should Your Business Plan be? A business plan can vary in format from a full-length, multi-page document to a “lean” plan that fits on a single page. Take the plan’s intended usage into account when deciding on the format; for example, banks or other lenders expect a detailed plan, while a lean plan is easier to update regularly.