A Business Plan, do you have one?
You know that feeling you get when you're asked if you have a business plan, then you pause just before you give a reply?
A feeling of doubt comes over you and at the very same time you have a vivid conversation going on in your head about what
you have written, is it too long, does it say what you mean, and then you find yourself wondering if it will stand up to scrutiny.
Even though you put a lot of effort into it and you feel that you've done your best, somehow you find yourself agonizing over it,
to the point of questioning whether you're even the correct person to write it in the first instance!
Wouldn't it be great not to feel anxious about your business plan, and to feel secure in the knowledge that you are definitely
the person that should be 100% involved in writing your business plan?
The answer is YES that would be great, and to get to that position you will need to engage in business planning. "What is that"
I hear you say! This is the process to structure your research and information gathering. You do this before attempting to
write your business plan! To help you along your way we have identified seven key steps to business planning which are
listed below. Once completed you should be in a good position to write your business plan.
A tip: Think of your business plan as being the strategic document that provides you with a summary of your business planning.
It will serve as a reference guide to steer your business to success in providing a product or service that your customers want to buy!
Having done this you will then have the following details that will be used to form your business plan:
You should try to make your Business Plan be purposeful to you, as you will be referring to it constantly as
you develop and grow your business and making changes to it as you see fit. Also, it should be interesting
to the reader, from whom you may want so sort of support, such as financial support, knowledge and expertise
or endorsements. So now that you have done some work on addressing the points above you are ready to write
your business plan. But what should your business plan contain?
There is no one format for the business plan, however, the following structure will serve you well!