Why you need a business plan in 2026

A business plan is an essential tool for every entrepreneur, whether it’s a detailed document or a simple one-pager. Most importantly, it is a living document that should be updated as the business grows and evolves. A one-page business plan helps turn ideas into action by clearly outlining goals, priorities, revenue streams, potential pivots, and next steps. The start of a new year is an ideal time to create or revisit your plan and gain clarity on where your business is headed. 

While AI can support brainstorming and idea generation, it should complement not replace strategic thinking and core business planning. The first quarter is also an important time to strengthen your support team and address business goals one step at a time to avoid burnout and build momentum. The Urban League of Greater Philadelphia Entrepreneurship Center can assist entrepreneurs with developing and refining business plans, helping turn planning into meaningful action throughout the year.  

For those interested in building a strong foundation and receiving support with creating a business plan, we encourage you to visit our website and complete an intake form today by clicking the following link https://www.urbanleaguephila.org/ulec-intake 

Connect with the ULEC Team today!

Momentum Newsletter: January 2026 | Issue 1