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Before we get into the how-to, let’s take a deeper look into what writing a plan will do for you.
Even if you’re approaching friends and family for money, people who won’t require you to have a plan, it will be helpful to write one.
Simply by going through all the necessary steps to put one together, you’ll wind up with a clearer idea of what you’re trying to accomplish and many of the challenges you might face along the way.
Larger companies may have someone to manage sales, another person for marketing, and one for operations.
No matter how many people are on your team, it’s important to share the same goals and values as you work toward the future.
In other words, it’s a guide for how to set up your business and run it on a daily basis to help you reach your long term goals.
People Who Write Business Plans
And as we said, it’s a worthwhile investment of time and effort even if you don’t need to present it to potential investors.
1) Focus – Writing a business plan will help you gather all of your ideas in one place, hone your message and crystallize your vision.
This will keep you from getting scattered, sidetracked, or pulled away from what’s likely to make you the most successful.
Doing the work to put the plan together will make sure you think about all of the important facets you need to cover, and give you standards to hold yourself to as you start to put the plan into effect. While it’s important to see your business plan as flexible, it’s great to have something in writing that helps keep you honest with yourself about your performance.
8) Measurement – Laying out your goals and ideas in advance gives you something to check in with along the way to see how you’re doing. 9) Recruitment – When you’re looking to attract top talent, your business plan will help give potential employees an overview of what you’re all about, and their reaction to the plan will help you know if they’re a good fit. Just as your goals and business will not look exactly the same as someone else’s, your business plan will be unique to you.