Business Plan Writing Help

Any suggestions on getting over the business plan hump?

I always have these great ideas. Yet when it comes to writing the business plan, I am befuddled. I need help. I want to write it without someone writing it for me. However, I am stumped. The financials are a roadblock for me. I have several examples, but I need a plan that would be suitable to present for funding requests. Any suggestions that don’t involve me basically copying someone else’s plan? I’d appreciate it!

The plan is just a kind of road map to reach your goals.

1. One reason that people fail in business is because they do not focus on their best skills. You may not be the type of person that uses plans.

If this is the case just let others on your team write the plan. And you focus on coming up with new ideas.

2. To get funding the plan should focus on showing investors that you are capable of making them some money. This question is what your plan should focus on.

So if I asked you, “How are you going to make money?”, what would you say?

How you would answer that question is your plan.

As an example you might say, we well start an online store and sell 1,000 items per month at a 30% profit margin. We have looked at the market for these items and they will sell for the next couple of years.

Here is a list of questions you may want to answer;
a. How will you make money
b. What will you sell
c. Where will you get it from
d. How much will it cost you.
e. what resources do you need
- computers
- space
- workers
- inventory
- ???

The financials are just you reporting how much money you have made in the past. And how much money you plan on making in the future.

For the last six months we have made xxxx.xx doing (put what you will be doing here) and for the next six months, one year, five years, ten years we will make this much money.

3. Find a business partner who has the skill set of writing plans. If your ideas are really good then you should be able to attract other partners. With your great ideas and their plans you should be able to get your business off the ground. Just focus on what you do best.

4. Visit these websites;

http://www.sba.gov/

http://www.score.org/index.html

5. Get a mentor, some other sucessfull business person who can advise you. It could be one of your schools professors or a friend of your family or even a neighbor. Sometimes we all need face to face guiadance.

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