Writing your own business plan

Re: Writing your own business plan

Hello friends

The primary value of your business plan will be to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects.

Since the My Own Business, Inc. course is broken down into six**** of the most important topics to consider in starting or operating a business, your business plan can easily be organized into this same format. Included in this session, and in each of the following sessions, there is one-page business plan template, which you can fill in and print. (Session 2 contains templates for both Sessions 1 and 2.) When you put these all together, you will have completed your personalized, overall plan.

Thanks for all friends

Re: Writing your own business plan

Hello
Before you put "pen to paper", decide the type of business plan you need:

* Basic plans are short (often under 10 pages plus appendices etc.); relatively quick to prepare (under one or two months); use limited external assistance; need few drafts; and require much more researching than writing. They are somewhat more difficult to prepare than anticipated - all parts equally difficult. They are frequently used to assess the viability of a business or for internal/personal use and they are rated as important/useful for the business.

* Comprehensive plans are longer than basic plans; require some months to prepare; make slightly greater use of external help; and require somewhat more time researching than writing. They are more difficult to prepare than anticipated, especially the financial projections and market analysis parts. They are often used to help raise venture capital/equity or bank loans, and they are viewed as being critically important/useful to the business.

Re: Writing your own business plan

Hello friends

Each day, several hundred people scour web sites such as this one, looking for help with a stressful task: writing their first business plan.

That's unfortunate. Writing a business plan doesn't have to be all that difficult. Sure. You need to write the right sort of business plan. And you need to collect the appropriate information for the right sort of plan. Finally, you will need to create a professional financial forecast--something that looks like you're a reasonable person to trust a bunch of money to. But none of this should overwhelm you.

Seriously. If you're beginning the process of starting a new business, you should find the steps required to write and then use a business plan the least of your worries.Each day, several hundred people scour web sites such as this one, looking for help with a stressful task: writing their first business plan.

That's unfortunate. Writing a business plan doesn't have to be all that difficult. Sure. You need to write the right sort of business plan. And you need to collect the appropriate information for the right sort of plan. Finally, you will need to create a professional financial forecast--something that looks like you're a reasonable person to trust a bunch of money to. But none of this should overwhelm you.

Seriously. If you're beginning the process of starting a new business, you should find the steps required to write and then use a business plan the least of your worries.
Thanks

Re: Writing your own business plan

Size your business plan to fit your business. Remember that your business plan should be only as big as what you need to run your business. While everybody should have planning to help run a business, not everyone needs to develop a complete formal business plan suitable for submitting to a potential investor, or bank, or venture contest. So don’t include outline points just because they are on a big list somewhere, or on this list, unless you’re developing a standard business plan that you’ll be showing to somebody else who expects a standard business plan.

Consider plan-as-you-go business planning. I’ve done a lot of work on this idea lately, resulting in my new “Plan As You Go” business planning, which is a now a book published by Entrepreneur Press, available through Amazon.com, Barnes and Noble, and Borders, and bundled as an eBook with Business Plan Pro. I’ve also added a short video here to the right, illustrating how the outline could be simpler with a new approach
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Re: Writing your own business plan

Business plan is final step one make while starting a business, whole thing base on this theory, if your business plan is strong and its developed after suggestions of concerned persons and professional you just feel you achieve a goal, so always understand resources market your competitors etc and develop a plan

Re: Writing your own business plan

when i started my business way back in 1995 the first thing i was looking around ,,,,some long term capital that i can inject into my business and which will fetch me some continuous capital inflow through out my life...

Then i sold all the important assets to gather that corpus what i can invest in a profitable manner...

With in 5 yrs of commencement i had achieved my Break even point,, now my initial capital have been appreciated by 400 times...

At that time i chooses to go with a Transport company,,,,

So which is better invest in Stock market or investing in your own business???????????

Comments ll be truly appreciated...

Thank you....

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Re: Writing your own business plan

If you already know what your business plan should look like, jump right to either the How to Write a Business Plan for a Bank page or the How to Write a Business Plan for Investor.
Next, when you're ready to begin your financial forecasting, grab one of the free business plan templates. Or consider purchasing the premium businessplan.xls workbook if you will show your plan to a bank, venture capitalist or angel investor.
1. Check out a business plan outline to see what is expected in a business plan
2 Use this free fill-in-the-blank business plan template in the format preferred by the SBA and lenders.
3 See if you have a local Small Business Development Center (SBDC), Business Resource Center, or SCORE office to get advice. Check our SBDC finder to find an SBDC near you. You might also want to check with your local Chamber of Commerce office for additional local resources.
4 Read helpful articles written by industry experts on how to write a business plan
5 Use business plan software to help guide you through the process of writing a business plan.

Re: Writing your own business plan

For my business i will diced every thing what work we will do? who will done this work? and how much time we will take to complete our work? and i also change my old machinery, that is so important for my business, i also diced my target etc, this all my business plan.

Re: Writing your own business plan

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Re: Writing your own business plan

Writing a business plan is not the means to an end. Writing a business plan that wins business is your objective. That said, it is essential to know what key elements, including marketing methods and business processes, are paramount to succeeding in a given market.

One of the best ways to start is by researching, examining and cross-examinging every bit of information you can possibley find regarding your competitors methods of doing business. While there are many competitors out there not all of them are truly succeeding in the market. Some are just staying afloat on income flow. Others are slowing going under. While a few may actually be in the green and growing.

Your focus should be to learn from them all but primarily on those who are actually successful. How? many companies online have taken the time to due the research and gather another companies business plan, from mission to marketing to business process. With these resources at your disposal now it is easier then ever to get your hands on your competitors business plan.

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Re: Writing your own business plan

There are so many plan i can think for my business, and the first one is what to produce? this is so important for us the concept of the production is must be clear in our mind, what so you want to be produce.