Skip to main content

Creating Your Business Plan

Plan

--noun
1. a scheme or method of acting, doing, proceeding, making, etc., developed in advance: battle plans.
2. a design or scheme of arrangement: an elaborate plan for seating guests.
3. a specific project or definite purpose: plans for the future.
4. Also called plan view. a drawing made to scale to represent the top view or a horizontal section of a structure or a machine, as a floor layout of a building.
5. a representation of a thing drawn on a plane, as a map or diagram: a plan of the dock area.
6. (in perspective drawing) one of several planes in front of a represented object, and perpendicular to the line between the object and the eye.
7. a formal program for specified benefits, needs, etc.: a pension plan.
Origin: 1670-80; 

You need a map. Don't be like the person that won't stop and ask for directions. You will end up getting lost. Don't be like the person who write a beautifully detailed business plan and put it on the shelf. Your business will not open itself. Don't be like the person who freezes up when asked to write a business plan. This is not a university business degree you are after. What we need here is a business plan for the ordinary small businessperson. It is a simple statement to help organize your thoughts so that you can stay on course and achieve your dreams.

Having done the revenue analysis, you should be able to write a business plan in one day. If you are having trouble doing it, get some help. It can be anywhere from one to three pages, plus the revenue analysis attached to the back. It should follow this outline:

  1. The Idea
  2. The Market
  3. The Strategy
  4. The Team and Structure
  5. The Numbers
  6. Future Benchmarks
  7. Attachments: Revenue Analysis