Congratulations on making the decision to start your own business .. Now, let me say that a business plan is a very personal (the company) and single document. So, the last thing you need to do is buy a software for business planning unless you need the business plan for the sake of having a business plan on the shelf.
Not, any book or force software that let you write more than he needs your business like a business plan. And, I'd strongly suggest you write one yourself. For a very simple reason that their business is your baby and nobody knows it better than you … If you need help, you should seek Govt. And Non Govt. Resources for small businesses and entrepreneurs, as local chamber of commerce, and chapters of SBDC and / or SCORE. Try these warnings, so large network, and similar networks bound to find a business consultant ready to do any work pro-bono.
A very simple and practical approach would be: Write a draft of your idea and absolutely everything you think about it. Bounce these ideas to others and gather unique perspectives, feedback and ideas, documenting them. Design your fixed monthly expenses (rent, salaries, etc) along side their variable costs and then compare their potential revenue sources. Run this program for at least 24 months. Use this calendar to see how much money can be lowered to before the business works. Forum
Standing five grand after six months, or you getting heavily with an album to sell, expensive to maintain, lease? Find out what happens if you reduce your income. No break even analysis – what is the lowest level of income at which you can make it work? Write why and how sure you are that you will do better than anyone else is doing the same. If you are the one doing or planning to do this, then the opportunity is either the idea is not profitable or have no idea about your competition. Therefore, more research about the business and try to find realistic bottom line for business. All this analysis and the previous work was practically for you to decide – do you still need to do?
If yes, then write a business plan using the free resources as a template for Microsoft and many more available in the market – this project initially should include what he has done that makes you sure this will work. This can be simply – I have a contract, I know the business, there will be more, or may be a market study, traffic counts, industry statistics and tastes. Post the schedule we did in the first place, in a spreadsheet and put the rest in the desired format.
Remember, a business plan should be very flexible as businesses and the economy changes very often and so should our plans to accommodate changes and make the best use of the opportunities that present themselves. It will also be flexible with the continuous development of business plan, regular updates of the business plan. For example the numbers previously forecast should be compared to actualize and registered in the business plan as "Planning Vs actualize". This analysis versus scheduled update also helps improve their forecasts and make better planning according to trends and market situation just explore.
Last but not least, your business plan should have an exit strategy. Not every startup is successful, but well planned exit strategy can certainly mitigate the financial pain of failure. Look exit strategy as "worst case" .What happens if the worst happens, how do I go, what do I do … Having said all that let me also say that the exit strategy is not always done for worst. A lot many of us are serial entrepreneurs, who love to start a new business but we flirt with many more ideas and may decide to start another business, or may not have to stick with the existing business for any reason, what happens to the business, then how can you get out of it, sell it, partner with someone, what? That's your exit strategy.
In my opinion, this is the most economical and realistic method for writing a business plan and not a commercial software that give a too-me business plan that good to me, since neither convinces nor can I convince investors such self-generated plan.
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