How Make A Business Plan
Here are some of the initial steps to take when writing your business plan.A business plan can have a number of different purposes, so before you begin writing and researching, you should know why you’re writing it and what you hope to accomplish with it.“The challenge for most business plans is to clearly and specifically identify what the plan's purpose is and what it is not,” says Boyer.“Without a clear and specific purpose or set of purposes, a business plan has little value.” For example, is the plan’s purpose to help you raise capital?
So how much detail you should include in your business plan may depend on your reasons for writing it.
A business plan helps you to: You’ll need a business plan if you want to secure investment or a loan from a bank.
Read about the finance options available for businesses on the Business Finance Guide website.
As with any big project, it can help to start with a few basics so you’ll have something to build on as you go along.
Hank Boyer, executive coach and CEO of Boyer Management Group, notes that most business plans are quite basic to begin with, but tend to evolve and become more detailed over time.