As we are into the second week of 2021, we want to talk about how to write a business plan. Many of the clients with whom we work, either don’t have a business plan, have it “in their heads” or truly have written it on napkins or sticky notes.
Don’t let the intimidation of a business plan and its compilation stop you from writing one. When you set a manageable goal and give yourself deadlines and seek guidance in its preparation you will find it’s easier than you thought. More importantly, your business plan is a roadmap toward your success and who doesn’t want that?
How To Write A Business Plan
As a business owner you NEED to have a business plan. No matter if you’re a solopreneur, working in a partnership or have a large company – a business plan is a must-have document. As a business coach I know that the clients with whom I work have said having a business plan helped them grow, launch and sustain their businesses – and that is the goal, right?
Here are my thoughts on business plans
- It’s not about the name on the top of the document – it’s about the discovery you find when you create it. You will be asking yourself, or working with a coach who will ask, questions that delve deeper into your financial and growth goals.
- Don’t think you have to write the business plan all in one day. You don’t set aside an hour, or so, a day until it’s done.
- Make sure you set up an appointment with yourself on your calendar and make the business plan completion a priority.
- Look online for business plan templates and outlines. Work with a business coach to complete your plan.
- Ask for feedback and input from trusted colleagues or your coach.
Don’t let the preparation of your business plan become what seems like an insurmountable task – it’s not. Look at your business plan as your roadmap for success – it is!