How to Write a Simple Business Plan
If you have started or plan to start a business but don't have a business plan, your business may be running on borrowed time. A business plan is essential to long-term success and growth. Essentially, it is the road map you will use to reach your goals for your business.
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Instructions
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Prepare a cover letter that includes your business name, address, phone number and the date. You will revise the date each time you update your business plan.
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Write your marketing plan, which should detail your marketing methods and identify both your target market and your competition.
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3
Write the management plan for your business, detailing the experience you bring to your business, your strengths and weaknesses and your plans for employees.
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Write the financial management plan, which will include your start-up budget, a list of your start-up expenses and your operating expenses. Your financial management plan also should discuss your financial goals, how you will accept payment from your clients and the accounting system you will use.
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Write the executive summary of your business plan. This generally includes your mission statement, the date you opened your business, the name of each owner and his title, and the product or service you sell. You also should include a business description, detailing your business entity, any licenses and permits you must obtain to operate your business legally, your expected launch date and the reasons you believe your business will make a profit. You also must note your target market, identifying what void your product or service will fill.
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Proofread your business plan or hire a professional to proofread it to ensure there are no grammatical errors or typos.
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Tips & Warnings
If you do not have the time or the skills to write a business plan, hire a writer to write one for you. However, you will still need to be involved with the process, providing the writer with the relevant information and offering feedback.
