4 Tips For Writing a Killer Business Plan
Search:

Home | Business | Small Business

 
 

4 Tips For Writing a Killer Business Plan

By: Henri

So you’ve decided you need to write a business plan – now what? Where do you start? Here are four quick tips that will help you get going right away. The main thing is to GET STARTED. Here’s how:

A business plan is in essence a creative writing project. You want the plan to be an interesting read, not a long pedantic discussion. When you're approaching lenders or investors, you have to put on your marketing hat and make your company's future sound exciting.

So write your plan as an exciting description of the opportunity you see that lies ahead. Are you excited (you should be!). Then let that excitement shine through in the narrative of your business plan. You want to infect the reader with the same excitement you have, don’t you?!

WRITE YOUR PLAN IN A STYLE THAT FITS YOUR INDUSTRY AND YOUR OWN STYLE
The business plan for a sports bar company would sound much different than a plan for a bank. Make your plan sound like you; put some of your personality and philosophy in the plan, so after reading the plan an investor or lender would feel as though he/she knows you.

BE ENTHUSIASTIC IN YOUR APPROACH
When you talk to entrepreneurs about their company, they usually get so enthusiastic that they almost wear you out. Then you get their business plan and it reads like the operations manual that came with your DVD player. The purpose of the business plan is to create excitement in the minds of the investors, in other words to activate the area of their brains devoted to greed. If you can't be enthusiastic about your business plan who can?

AVOID GETTING MIRED IN INDUSTRY JARGON
Internet companies, medical companies and computer companies all tend to dwell on minute details about their technology and don't adequately develop the business reasons why they are going to make money for themselves and the investors. Explain the technology in laymen's terms and then focus on why your company will make money and how it will make money.

BE OPEN ABOUT THE RISKS AS WELL AS THE OPPORTUNITIES
There are downsides to every business venture, recognizing those risks shows that you've considered all the alternatives. In the discussion come up with how your company will react to certain risks. That demonstrates smart management.

A CD ROM CAN’T REPLACE YOUR MIND!
More and more entrepreneurs are relying on business plan writing software. These products are sometimes helpful in formatting the plan and creating the financial schedules, but they can't formulate your strategies for you. The heart of the business plan is explaining how you are going to sell more of your product or service than your competitors, and operate your business at high enough profit margins to generate a superior rate of return for investors.

The CD-ROM you might purchase has no idea how to do any of this. It's spent nearly all of its life on a shelf, in a box. How exciting is that?

The main idea here is that, to engage the reader of your plan, you need to share your sense of excitement about the opportunity. Yes, you will have lots of analysis, SWOT, financials and the like, but you want to make sure that your reader is engaged and interested from the first paragraph – so get excited, already!

Article Source: http://articlenexus.com

Henri Schauffler, The CEO Coach, has dedicated the last 20 years to helping small businesses like yours to Outmanage, Outhire, Outsell and Outprofit All the Competition. For a FREE business assessment and tune up to see exactly how you are doing in all Eight Essential Areas for Business Success, go to www.QuickBizQuiz.com.

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive Small Business Articles Via RSS!
Additional Articles From - Home | Business | Small Business
Sign Up for a free account
free pay per click
STOP Paying for Your Ads! FREE Pay Per Click!
$8,132.26 Per Month on Craigslist
craigslist blackhat system

CraigsList Blackhat System
Everything you need for your website and home business.
Adsense Site Builder
Adsense Analyzer Software
Clip Art
Domain Names
Header Graphics
Make Money Online
Photo Art
Resell Products & Free Stuff
SEO Software
Web Hosting $4.95/mo
Website Templates
Web Site Promotion Tools

AdvancedWebsiteTools.com

Submit Articles
Member Login
Top Authors
Most Popular Articles
Submission Guidelines
Ezine Notifications
Article RSS Feeds
(Your 160x160 ad here)
Only $50 a month-click here
Link Exchange
Blog by WordPress
Privacy Policy
Terms of Service
About Us
Contact Us
Banner Advertisements
Business Reporter
Have you Victimized by a Business or the Government? File your consumer complaints or business complaints at BusinessReporter.net!
Structured Settlement?
Free information to help you learn more about structured settlements, your rights, and how to select the best company for you.
Affordable Discount Dental Plans
Choose from over 30 top-quality national and regional discount dental plans. Save 10% to 60% on most dental procedures
Classic Autos
Replica Kit Cars
Staffing Resources
Online Recruiting
Links
Bad Credit Repair
Hair Loss Remedies
Steiff Bears, Antique Bears
Model Railroading | Model Trains
McCain Sucks
mccain for president
Free Diabetic Supplies
Antique Radios | Ham Radios

отдых в Севастополеplugin wordpressрыбалкатанцевальный лагерь

Powered by Article Dashboard