Everyone knows they need one. Everyone plans on writing one, eventually. But not everyone does it. Why? Because it’s so easy to put off and it’s such a chore. I’m talking about writing a business plan. Many business owners put more effort into planning their vacations than they put into planning their businesses. This is a shame because an entrepreneur with a business plan is much more likely to succeed than o Continue Reading
A business plan guide is a great place to start when you are getting ready to write your first business plan. Perhaps you have found a book about writing business plans, or are following a template, but chances are, these materials will only focus on the steps necessary to create your business plan and will fail to point out the critical mistakes that most new business owners make. So let’s ignore the step-by-step tutorial for Continue Reading
What is a Business Plan?
You can pretty much define a business plan as a resume for your business idea in mind. Some may say it’s like your company’s calling card. When you need money to start your business, or when you need an office space, your business plan is what will do most of the talking to convince your investors / lenders or property managers to believe in your business and give you what yo Continue Reading
Home based business owners should use software and resources to help develop their business plans. There are a number of different tools that can be helpful in designing a home based business plan.
Business planning is an extremely enjoyable, ongoing process for me — now. But I remember when it was a struggle, a “should”, something I felt I “had” to do as a business owner, but that didn’t give me much joy. I had spent years creating successful plans as a fund raising professional (quite easily, I might add), but for some reason, I felt a great deal of resistance within me when it came to creating a plan for my own busi Continue Reading
