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Friday 29 August 2014

Eight Steps To A Great Business Plan

Start-up entrepreneurs often have difficulty writing out business plans. This discipline is going to help you in many ways so don't skip this planning tool! To make it easier, here are eight steps that will produce a worthwhile plan:



  1. Review the two sample plans furnished in this session.
  2. Focus and arefine your concept based on the data you have compiled.
  3. Gather all the data you can on the feasibility and the specifics of your business concept.
  4. Outline the specifics of your business. Using a "what, where, why, how" approach might be useful.
  5. Include your experience, education and personal information.
  6. Fill in the templates at the end of each session with clear language and realistic projections.
  7. Print off the business plan templates from each session into an MS Word document.
  8. You may wish to enhance your presentation with bar charts, pie charts and graphics.

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