Creating a Business Plan

Creating a Business Plan

We all know you have to have money in order to start a business successfully, how much vary on the business plan and business goals. The problem is a lot of people have great goals and ideas…but do not have the funding to see these goals through. There are a few steps and options that I would like to share with you today that may help you get your business goals in progress. First thing is first write out a business plan. When I say write out a business plan I do no expect you to give an 80-page report if this is something you are unfamiliar with. I mean write out the simple things like the company description, what you are selling, who are you trying to sell to, how much does it cost and how much do you plan on selling monthly, what will it cost to create, how are other businesses like yours doing, what makes yours different from the others and what are the start up cost and operating expenses. I know it sounds like a lot but most of these questions can literally be answered by just brainstorming what you know about your product. The other option is paying a company to write the plan for you. You will have still have to answer the questions that I have listed prior, but the company will do the research needed to incorporate charts that explain growth in your industry and give numbers pertaining to demographics and targeted markets. There are also programs that you can purchase for cheap that help you develop a plan like Live Plan or Bplans. Lastly there are free templates online that you can apply to you company. You can Google words that pertain to work business and the word business plan for example consulting business plan or recording studio business plan. There are many ways to get this done but it is important to have a business plan to help guide you and to motivated investors to give you money to execute your goals.