How to write a business plan

Everyone wants you to write a business plan? They want to you to be organized. They want you to be realistic when starting a new business.Business plans are documents that will provide the priorities, context and sanity you’ll need as you start up your business. They help you explain your business. But do you need a huge complicated business plan? For a small business or cottage industry, you probably do not.Here are some tips for business plan planning. Your business plan should only be as big as you need it to be. Consider the “Plan As You Go” business planning. Approach your business plan from the view that you can plan it to start now, then add sections and goals as your grow.Here are some resources that should you sample business plans on http://www.bplans.com

  • Sample business plans – Over 500 free sample business plans from various industries
  • Business plan template – This fill-in-the-blank business plan template is in the format preferred by the SBA and banks
  • Start a business – An easy to follow six-step process for starting a new business

Here is a free course on business startup with a business plan section.The Small Business Administration has a Small Business Planner that you can study.Do’s

  • Do be brief.
  • Do let the reader know early on what business you’re in.
  • Do state the company’s objectives.
  • Do describe the strategy and tactics that will enable the company to meet objectives.
  • Do be realistic in making estimates and forecasts.
  • Do be specific.

Don’ts

  • Don’t use highly technical descriptions of your product or services.
  • Don’t make vague or unsubstantiated statements.

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