You may be wondering why you need a plan in the first place. After all, you have a clear idea in your mind about what you want to achieve. You know the market, you have the necessary skills. So why do you need a plan? But these 10 steps will help you create the perfect business plan.
Don’t Let Strategy Become Planning
How many pages is a business plan? In reality, a quality business plan is not based on page length. It should be measured by readability and how well it summarizes the business plan. A business plan should give the reader a solid overview and idea of the main contents in under fifteen minutes. If the reader skims the document, proper formatting including headings, white space and graphics will help relay the main points of the business plan. Business plan length will depend on the intended use of the plan and how it will be distributed.
Is a Business Plan Necessary?
You have a great idea to start your own business. You finally made a decision to follow your passion and become your own boss. You agreed with your family members and found the support from your friends. Now it is time to start, but… you have no idea where to start. This is where our ultimate guide comes: to lead you through all the steps you should take to create a successful business plan in order to establish your own business or get the necessary investments.
Now that you understand why you need a business plan and you've spent some time doing your homework gathering the information you need to create one, it's time to roll up your sleeves and get everything down on paper. The following pages will describe in detail the seven essential sections of a business plan: what you should include, what you shouldn't include, how to work the numbers and additional resources you can turn to for help. With that in mind, jump right in.