How to Create a Business Plan If you’re not sure if a business plan is REALLY necessary or think that is sounds like an awful lot of work then I recommend first heading over to my article on ‘The Importance of Having a Business Plan‘ before you read any further. Assuming you’ve done that already, or are fully committed to the importance of this task – we’ll get stuck right in! This article will walk you step by step through all the sections of your business plan. Don’t expect to get it all done in one sitting – there’s a lot to think about and will be a fair amount of research to do too. It’s a big undertaking and will be a working document that you will use and review time and time again. There are lots of different ways of writing a business plan – some are …
I’m a small business…do I REALLY need a business plan?
I get it – you’re a small business. Business plans are for big companies aren’t they? Actually no – business plans are for ALL companies. Running a small business can feel incredibly overwhelming at times can’t it! If you’re a small business owner then chances are that it’s all on you….even if you have a few employees, you no doubt feel the weight of the responsibility of the company rests entirely on your shoulders! There’s so MUCH to do that it seems impossible to focus on any one particular thing…and then you can feel that you’re getting no-where fast. It’s even harder if you have a family, another job or other commitments as well. Sound familiar? The answer?…yup…your business plan… It doesn’t have to be war and peace! A complete plan could fit on a single A4 page if you have a hobby business. Simply put, this critical document defines who …
The Importance of Having a Business Plan
The Importance of Having a Business Plan I’ve lost count of the number of times I’ve referenced business planning when working with clients. As you may be wondering what all the fuss is about I thought I’d put together this article to focus entirely on the reason a business plan is so damn important. When I asked my college professor what all the big deal with business planning was he relayed to me a scene from Alice in Wonderland and it really stuck with me (not least because I’ve always loved Alice in Wonderland). “Would you tell me please, which way I ought to go from here?” asked Alice “That depends a good deal on where you want to get to” said the Cat “I don’t much care where-” said Alice “Then it doesn’t matter which way you go” said the Cat Without a plan you are guiding a …