Business plans are complex and contain a lot of data and information. Writing a business plan can feel overwhelming and complicated. But it doesn't have to be! Before diving in, spend time thinking about business plan concepts, the individual components of a plan, and the possible types of information sources needed. This preliminary work will help keep you organized from the beginning and pave the way for success as you get deeper into your plan.
General tips to keep in mind:
Brainstorming is a critical first step. Why should you brainstorm? Here are a few reasons:
Brainstorm about your business idea by mapping out the following. You may want to add elements to what is shown here:
|Product or service types||Customer types||Branding|
|Prices and costs||Customer service||Competitors|
|Funding||Customer Experience||Possible consultants|
|Distribution channels||Promotional ideas||Shareholders to bring in|
Also consider these questions:
Set up a document where you can organize your ideas and the information you research. Use a document type that works best for you. This might be a Word doc or a Google doc. You can find template ideas on the right column of this page and free templates for your industry on the Internet.