A Good Business Plan is a Roadmap for Success™
Write an effective Business Plan and Marketing Plan. Whether you have a great business idea, a golden opportunity to get investor funding, or you just need your business to run more smoothly, you need a business plan.
When choosing Business Plan Software a template won't guide you through the process of writing your business plan. It is just a bunch of blanks for you to fill in. It needs to have the appropriate samples, expert advice and financial formulas you need to create a plan that gets results.
A Business Plan writing service should have a proven process in place that will insure you receive a Business Plan that reflects your business model and gives you the best chance at achieve your goals.
A business plan can be a useful tool for your business, but that’s all it is – a tool. You don’t need a business plan. There is no law requiring that you have one. If this plan becomes more of headache and less of a help, then it isn’t serving its purpose.
Overly complex or detailed business plans can be time consuming and can get in the way of your business’s growth. To be clear, I’m not advocating that you buy expensive software or outsource the writing of your business plan. The true value of writing a business plan is that it helps you think through the process of building your company. For most people starting out, the best business plan is a simple one that answers four basic questions.
What makes a good Business Plan?
1. What need are you solving?
You need to identify why people will buy from you. If you struggle answering this question, you may not be addressing a real need. Your answer should be clear and concise.
2. Who are the people that have this need?
This question helps you understand where the market is for your business. You need to know who your ideal customer is, where to find your ideal customer and how to get the word out to them regarding your company’s offerings.
3. What makes you different?
Don’t become fixated on the competitive landscape or obsessed with analyzing your competition. The purpose of this question is to help you understand how YOU are unique and add value to prospective customers.
4. Can you make money doing this?
Many experts recommend creating detailed financial projections on a spreadsheet with a 1-year, 3-year and 5-year forecast. Let’s not get ahead of ourselves. Let’s start with this: can you make a profit with your new business? If you will have more money in the bank a month from now, you’re headed in the right direction.
Don’t get lost in the details when writing a business plan. The foundation of every new business is based on these four questions. If you can answer them succinctly, you’ve got a good business plan.
An Example of a Good Business Plan writing Process:
1. Assign a project manager and team based on your industry and requirements.
2. The Project Manager provides a timeline.
3. The team builds out the market research, written sections and financials.
4. The Project Manager packages and delivers a first draft.
5. The team revises and refines your plan based on your feedback.
6. After your approval the final Word document is printed & bound, then delivered to you.
Whether you are a provider or in need of Business Plan and Marketing Plan services we invite you to join BDL - BizDeLite.