Business Plan in 30 Minutes

If you are starting a new business or applying for a loan or adding an investor you will want to write a business plan in advance. A business plan is simply the answers to 9 or 10 questions to be sure you are ready to go ahead. The answers will guide you on your way to success and entice anyone else to be a lender or investor with comfort. This is what your business is all about and why it should be successful.  I am not going to list the questions here again but you can find them in an earlier post in this blog or in Chapter 1 of my book "The Smart Guide to Starting Your Own Business", available everywhere.

If you can't answer all the questions honestly and easily, the plan is not complete and you should wait to move ahead. Without the full answers your chance for success will be diminished greatly. Even if you are stuck on one question you may be able to get or develop the answer quickly and move on. But if you are sure of the parts in the business plan and know what you are going to do and why, the plan should take 30 minutes or less to write down. A business plan is the foundation of any enterprise but it can be changed, modified or improved at any time. So get that business plan down on paper and see if you are missing anything the go and make $millions!

Barry is a speaker on marketing & customer service and consultant to new and existing businesses. www.idealetter.com