How to Write a Business Plan - A Few Tips
Writing a Successful Business Plan
As an entrepreneur who has started many great businesses and companies, I often get asked by people new to entrepreneurship how to write a business plan. It is a very good question, and can be confusing. Well, if you are starting a new business and have this question, have no fear because we are here to help fellow entrepreneurs. This site will have information, guides and links to help you write a business plan, and to help you start a business.
Keep in mind, that for your new business, the goal of a business plan is for it to be a thought process that leads you to structuring your business in a way that it is most liikely to succeed. Also, this business plan should be a living document, not a one time exercise. Throughout the startup process, and the life of your business, you should be constantly upgrading, changing and referring you your business plan. Make it a regular part of your entrepreneur life. If you don't, there is really little point in writing it in the first place!
Many people write a business plan to try to get funding to start a business. While you do pretty much need a business plan to get funding from VCs, angel investors or even friends and family, that should not be your main aim. However, if you do plan to seek out funding for your business, you should write your business plan in such a way that it is optimized for attracting investment in your company.
Keep in mind, that for your new business, the goal of a business plan is for it to be a thought process that leads you to structuring your business in a way that it is most liikely to succeed. Also, this business plan should be a living document, not a one time exercise. Throughout the startup process, and the life of your business, you should be constantly upgrading, changing and referring you your business plan. Make it a regular part of your entrepreneur life. If you don't, there is really little point in writing it in the first place!
Many people write a business plan to try to get funding to start a business. While you do pretty much need a business plan to get funding from VCs, angel investors or even friends and family, that should not be your main aim. However, if you do plan to seek out funding for your business, you should write your business plan in such a way that it is optimized for attracting investment in your company.