What Makes A Business Plan Work?

January 30, 2011  |  

by Sue Naylor

A business plan is a great way of going about the process of creating results that are important and have the desired impact. The quality of a sample business plan depends on the write up and the overall approach to it. Writing a business plan is an art when the sheer brilliance of the strategy is clearly seen through an excellent and professional write up. Even a small business plan needs to be complete, specific, realistic and simple. The plan must be simple, easily understood and should be acted on.

Using a business plan template has nothing to do with starting a company, finding the right investors or applying for a loan. There is a lot more than can be said about them other than their usage for the aforementioned purposes. Strategic business plans must communicate their contents in a manner that is both easy as well as practical.

Some of the key factors that play an important role in creating a good business plan include, but are not limited to the feasibility and the specificity of the plan in terms of addressing all the business objectives in a measurable and concrete manner, listing completion dates specifically as well as the manpower and the budget associated with the business plan in question, its realistic nature right from the goals and milestone dates to the expense budgets and how well it incorporates all the necessary elements by covering all the required bases. A business plan outline is a logical, smart, intelligent and organized way of taking all the critical aspects of a business into consideration.

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