business-plan



culled from:lifehack.org

Writing a business plan isn’t hard, but it is more complicated than writing a shopping list. Do one of these 31 steps each day, and in a month, you’ll have a business plan to be proud of.

Preliminary Tasks

    Complete market research and analyses
    Clarify key matters relating to products/services and technology
    Form the basis of the management team
    Prepare a strategic plan as framework for detailed plan
    Decide the central purpose of the plan and its target audience
    Locate professional advisers to assist with the planning
    Acquire any software tools needed to help prepare the plan
    Research and compile a list of possible recipients of the plan
    Ascertain any specific needs of likely key recipients

Writing the Plan

    Create a framework for the plan e.g. table of contents
    Identify possible appendices, attachments etc.
    Estimate page lengths for each key section
    List main issues and topics to be covered within key sections
    Assign work programs based on the framework and lists
    Draft preliminary sections (excluding summary) within the front of the plan
    Draft all key sections in the plan’s body in a logical sequence
    Compile financial projections, funding proposals and related appendices
    Check the preliminary draft for completeness and plug gaps
    Stand back and take a detached overview of the draft
    Let an outsider or adviser critique the latest draft
    Redraft, fine tune and spell check
    Write the executive summary and plan’s conclusion
    Get an independent assessment of the final draft

Reviewing the Plan

    Is the plan nicely presented – bound, page numbered etc.?
    Has the plan been spell checked in its final form?
    Is the plan’s length appropriate to its purpose ?
    Have the business’s (funding) needs been clearly stated ?
    Does the plan’s summary stimulate interest ?
    Have all key questions been anticipated ?
    What likely objections remain unresolved ?
    Will the plan provoke the desired responses?

Share this: