Starting a new business can seem overwhelming – especially when you’re doing it alone. Creating a business plan allows you to refine incomplete ideas, address areas you may have not yet considered, create a map so you know what to do next, and increase credibility for bank loans or investor funding.
While you may think you’ve got your business concept down pat, turning the idea you wrote down on a napkin into reality isn’t as easy as it might appear. Many people get so caught up on how to start the process that the business itself never materializes.
Follow this solid eight point plan, based on guidelines from the U.S. Small Business Administration (SBA). It will help you get down to business:
You may not even know the answers to these questions. That’s okay. We can help you to refine your goals, map out your plan, and provide the kinds of details needed to make your venture a success.
You may think your business plan is great; but don’t forget that most people think the same of their own business. The Wow Factor becomes especially important when you’re competing for funding.
Make sure your business plan has a “Wow” factor:
The bottom line is that you want to make your business plan stand out far above the rest. Your plan needs to be well thought out, organized, and unique. Even if you don’t need outside funding, complete the business plan so you have a roadmap and you know that you haven’t missed any important considerations.
If you’re not used to drafting business plans, the task may feel daunting and you may be tempted to jump ahead. Don’t. We’re happy to think through a strong business plan and make sure you have protections in place so that your business gets off to the right start. And, even if you’re already knee deep in your business, we’ll help you get all of your ducks in a row. Give us a call and get on our calendar.
If you would like to learn more about creating an estate plan specific to you and your family call us for a free initial consultation at
email me at firstname.lastname@example.org
or use our online calendar to schedule an appointment