In the last three decades, I worked as a business consultant for 27 different small to midsize start-up companies.
I have learned the biggest asset of any company is their growth plan which is also known as the business plan.
Business plan is the backbone of your business. Every business should have a plan which should be updated periodically to help you stay on track to success.
In this audiobook, I show you a simple and easy to follow the process of creating your own business plan for any business. You don’t need to be a writer or a business major to be able to draft a great business plan, it is not your proficiently in English language, instead, it is all about laying out a simple to understand plan for the future of your business and how you want to navigate your business forward to prosperity.
Here are the three most common excuses I hear from entrepreneurs about not creating their own business plan:
- I am not good at writing
- I don’t know what to say in the plan
- I am not business savvy enough to write one
Five biggest myths about the business plan:
- It is a complicated document
- Only a seasoned business writer can write a good business plan
- No one reads it, but you have to one to get a loan
- A good business plan needs to be 20-30 page long
- I don’t need a loan to start my business, so I don’t need a business plan
As I am sure you have guessed it, all of them are false.
In this audiobook, I show you the baby steps to get started on the right foot.
Table of content:
- What is a Business Plan?
- How Critical is a Business plan for your Business
- 5 Reasons you should have a Business Plan
- What and How do I write one
- 9 Essential components of a great Business Plan
- Two Best Practices of Business Plan Writing
- Lean vs. Traditional Business Plan
- Example of a Lean Business Plan
- Step by Step instructions to Write a Traditional Business Plan
You need to include every major and minor detail in your plan; I'll show you (with examples) , items like:
- Cover page
- Executive summary
- Company Description
- Aspects of Service or Product
- Problems you are trying to resolve
- Your Competitive Landscape
- Your Competitive Edge
- All 4 Stages of Product Life Cycle (PLC)
- Market Analysis
- Evaluation of the Competition
- Marketing & Advertising
- Management Team
- Operating Plan
- Financial Plan (Income statement, Cash Flow, Balance Sheet & Break-Even Point)
- Request for Funding
Lastly, I offer you a link to a fully functional and customizable business plan template which you can download and use.