Quick Business Plan Writing Made Easy
Components for Writing a Quick Business Plan Are:
1. Title Page
Title page is a separate page with the title of your business plan, the date and your name and address.
2. Write a plan summary
The plan summary introduces and emphasizes the high points of your plan. It includes a statement of the total amount of money you seek. Because the summary is based on the rest of your plan, we’ve waited until now to cover it. Your job is to tell your readers who you are, what you want to do, how much money you need and how much money you expect to make, all on one page. Also, very important is to make it interesting, to put all strong points in a short paragraphs and save details for later and to be specific about you writing about.
3. Table of Contents
This appears after the Plan Summary and before the body of the plan. List the headings for the major sections of your plan as well as important subsections. After you assemble your plan and number the pages, come back and put the appropriate page number next to each heading.
4. Problem Statement
Successful businesses share a common attribute: They do something useful for their customers. One way to determine what is useful for your customers is to identify and describe the problem that your business will solve. In other words, put yourself in position of your customer and try to see what do they need.
5. Business description
Describe how your business will solve your customers’ problem. Take your time and do a thorough job. It’s very likely that the first time you attempt this task, questions will occur to you that you didn’t consider previously. If so, figure out a good answer and rewrite your description. The important thing is not how long it takes to do this, but that you end up with a realistic business description. After all, it’s cheaper to answer questions and solve problems on paper than it is with real money. Your business description should explain exactly what you will provide for the customer as well as what you’ll exclude. Each of the choices you make in your business description will affect the amount of money you’ll need to start or expand and how much sales revenue you can expect. Consider the following series of questions when writing your business description. If you answer both the general business questions and each question that applies to your business, you’ll present your business accurately and fairly.
6. Business Accomplishments
Your resume shows your backers that you can achieve your objectives. This isn’t a traditional resume that lists past jobs and the years or months you held each. More correctly, you’ll develop a statement of everything you have accomplished that has a direct bearing on your business objectives. You have to get your backers trust and try to be liked as a businessperson. Be honest in your resume but don’t go overboard. You don’t need to give a litany of every sin you have committed, including
the time you skipped algebra class in the seventh grade. Only provide details of your errors when they’re relevant to your business plan. For example, if you ran a business for five years and eventually went bankrupt, you’ll need to mention that. You have to be prepared to talk with prospective investors and lenders about everything you present in your resume.First, make a list of every job and experience in which you produced positive accomplishments for any organization, even if you were a volunteer or working for yourself. Since you’re not writing a standard resume, dates of employment are optional. Once you’ve completed your first list of accomplishments, write a statement that shows how your specific accomplishments relate to your ability to run your business. Include experiences and achievements that support your case and exclude those that are too general or off the point. Emphasize your knowledge of how your potential business works and your knowledge of and respect for financial realities. Your resume probably should be between one and three pages long.