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December 1, 2007
Writing a Business Plan: Where to Start
When deciding to write a business plan it's important to decide whether you want a brief or comprehensive business plan. A brief business plan is typically heavy in research and less on writing and can may take about a month (although I did have an acquaintance once do it in one night--definitely not recommended). A comprehensive business plan may take longer and is very thorough. Today I will focus on a comprehensive business plan.
When writing a comprehensive business plan it is important to specifically include the following.
* Clearly defined target audience
* Determine its requirements in relation to the contents and levels of detail
* Map out the plan's structure (contents page)
* Decide on the likely length of the plan
* Identify all the main issues to be addressed.
Another important thing to understand is the big picture, if you can't answer all of the basic points that are typically included in a business plan than it's pivotal to thoroughly do your research. For example if you do not know your competition and what differentiates you from your competition it's important that you take a step back and look at the bigger picture. Take some dedicated time and outline your business plan. This will help you know if there are any major gaps in your business model and business plan.
Writing a business plan can be a dizzying experience, but if you seek help from those with experience it becomes a lot easier. One great place to go is http://www.business-plan-success.com/Features/. Business plan success has official software to help you know where to begin and how to pursue your business dreams. Take if from me, someone who has used it personally.
Posted by cmanscill at December 1, 2007 3:18 PM
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