Build a Winning Life Plan
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Build A Winning Plan
Using sample business plans and their structure, along with studying as many
business plan examples as you can, will provide you with the necessary framework
to consider your business from every possible angle.
Starting or running your business without a business plan is akin to being a
human without a skeleton!
Not only will using a sample structure highlight any areas you haven't fully
thought through, but it will also provide you with a good idea of what makes a
good business plan, and what doesn't.
The importance of your business plan as a motivational factor in running or
starting your business cannot be underestimated. You will find that your
commitment continues to build as you collect information, research and write
each section.
Your business plan should always accompany requests for Small Business Loans ,
and lenders or any kind of angel investor will simply refuse to consider your
business proposal without one.
Lenders and investors want to see your plan with the aim of satisfying key
questions before they make their decision to grant funding or not.
Once you’ve commenced trading your small business plan will act as a steak in
the ground, and help you measure where you expected to be against where you
actually are. It will help you take corrective action as necessary.
Joan Borysenko
Sample Business Plan Structure
Gregg Braden
All plans should include at least the elements listed below, and perhaps
additional sections depending on the type of industry.
Michael Berg
Executive Summary
Ted
Andrews
Company Background
Deepak Chopra
Products or Service Overview
Donald
O. Clifton
Unique Selling Proposition and competitive advantages
Bernard Jordan
The Marketplace
John Holland
Operations
Jack Canfield
Leadership and management profiles including professional competencies
David Hawkins
Professional Support
Jerry and Esther Hicks
Risks and Threats assessment
Dr. Masaru Emoto
Financial forecasts including key assumptions
Hale Dwoskin
Relevant appendices
Stephen R. Covey
Collecting the information for all the sections is time consuming and sometimes
difficult. The business section of your local library is always a good place to
start research. Ask your friendly librarian about how to look up market research
reports, and how to investigate competitors.
If you are not familiar with spreadsheet software, constructing the necessary
financial forecasts represents a significant hurdle. You have 2 choices:
Pay someone to put part or all of the plan together for you, or a small
investment in some business planning software.
The advantage of using a professional is you will receive the benefits of their
experience, combined with a professional looking plan.
The disadvantage is that it won’t be easy to make changes, and more importantly,
because you will not have been as involved in its preparation, you won’t be as
familiar with its contents as you should be. Make sure to learn the contents
well.
One final tip though, remember it’s the quality of the information you put into
it that determines what comes out.