So, we’ve made it to the end of our journey to assess whether a small business should be a part of your future. By this point you should have:
- determined that you are capable of running a small business,
- come up with some business ideas,
- explored and expanded those ideas,
- chosen the best concept and
- made a decision to turn that concept into reality.
And now you’ve reached the final step: writing your business plan.
Your business plan need not be complex. If you need help writing one, you can find counselors to help you. Look for business plan workshops in your city or ask someone who has experience with writing them. Or, you can likely find a decent business plan template somewhere and follow that.
However, before you start writing it, you need to gather all the information that will go into the plan and assess your business’s objectives to meet your business goals.
Perhaps the most important part of the plan is accuracy because if you’re borrowing money or trying to convince people to invest in your company, you might be held accountable for the projections and proposals laid out in your business plan. Take your time, make it thorough and use common sense.[Photo courtesy of Robert Douglass on Flickr]