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Eight Steps To A Great Business Plan
Start-up entrepreneurs often have difficulty writing out business plans. This discipline is going to help you in many ways so don’t skip this planning tool! To make it easier, here are eight steps that will produce a worthwhile plan:
1. Set time aside to prepare your business plan as you work through the MOBI courses.
2. Focus and refine your concept based on the information you have collected.
3. Gather all the data you can on the feasibility and the specifics of your business concept.
4. Outline the specifics of your business, using a “what, where, why, how” approach.
5. Include your experience, education and personal information.
6. Fill in the templates at the end of each session. Use clear language and realistic projections.
7. You may wish to enhance your presentation with bar charts, pie charts and graphics.
8. Share a draft of your plan with trusted advisers. Use their feedback to improve the plan.