Tips and Tools For Writing a Stronger Business Plan

Ryan O'Bleness

Reuben Yonatan, CEO of GetVoIP and StartupNation contributor, explains his tips and tools for writing a stronger business plan. 

1. Start with an executive summary, which is absolutely essential. 

For the rest of the tips, and helpful tools, click below!

https://goo.gl/58zxYE

YourBizGuru

I have learnt the entrepreneur is a key ingredient to creating a successful business plan. It is sort of like cooking Jamaican red peas soup but leaving out the key ingredient red peas so you will probably end up with chicken soup...still soup but not the flavour you were expecting? A customize well written business plan with you in mind is a must.to acheive the flavour you are looking for in your business check out my gig on Fiverr YourBizGuru if this is what you are looking for.

Hicinko

Being an entrepreneur is of great significance and importance in one's life. However, in this field what makes you stand apart is the fact that how creative and innovative you are. 

Rajesh

YourBizGuru said:

I have learnt the entrepreneur is a key ingredient to creating a successful business plan. It is sort of like cooking Jamaican red peas soup but leaving out the key ingredient red peas so you will probably end up with chicken soup...still soup but not the flavour you were expecting? A customize well written business plan with you in mind is a must.to acheive the flavour you are looking for in your business check out my gig on Fiverr YourBizGuru if this is what you are looking for.

Great words man. I totally agree with you.

emna

Being an entrepreneur is of fantastic importance and importance in one's existence. however, in this discipline what makes you stand apart is the truth that how innovative and innovative you're.

Anna Green

YourBizGuru said:

I have learnt the entrepreneur is a key ingredient to creating a successful business plan. It is sort of like cooking Jamaican red peas soup but leaving out the key ingredient red peas so you will probably end up with chicken soup...still soup but not the flavour you were expecting? A customize well written business plan with you in mind is a must.to acheive the flavour you are looking for in your business check out my gig on Fiverr YourBizGuru if this is what you are looking for.

I completely agree with you

SlickAccount

Hi,
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marketinggal

Ryan - Great topic. You are so right that the executive summary is key.  If it does not grab your investors, partners or bankers interest your business plan has failed its purpose.  The truth is that many people will only ever read the summary so it needs to be killer. 
I hired an experienced copywriter to write mine, while I wrote the rests of the plan. This way the summary would be the best it could be.  Worked well for me, since I got investors and launched my firm. 

JamieAlexander

I have checked the article and it's really a great one. It describes well about writing a business plan. This is very important for a business and every businessman should know it. This helps them to implement a perfect plan to develop their business. Anyway, I loved the article and appreciate it.

Sandra Yancey

A business plan is important for entrepreneurs and business owners as it helps them to focus on specific steps necessary to make their business successful. Some of the tips to write a stronger business plan are: 

• Business plans should be short and concise
• Write your business plan in a language that your audience will understand
• Know your competition
• Have a solid understanding of the problem that you are solving
• Understand your customer

unias

I read short research from Cleveroad company How to make a business plan in better way

You should follow these steps:

Step 1: Draw up an executive summary

Step 2: Tell a bit about your company

Step 3: Research the market

Step 4: Draft a marketing plan

Step 5: Map out a financial plan

wahidovic

thank you Unias forthis informations

Blesseinstein

I've never seen myself in the perfect state to write a business plan... I have over the years, started up quite a few business which has collapsed and at the moment running two. The issue is I feel I've not really been entrenched in it to be able to write down a very comprehensive business plan for my business. That is, I feel I don't have enough experience to dot things down on a paper. This is because of the mindset I inherited from a book that:- to write a proper business plan you've got to been able to have experienced the business itself for quiet a while...Sometimes I feel like all the previous businesses I've lost is due to the fact of no plan. Is this true and if yes, how can I write a future projected plan. I just cant see myself in the shoes of my future in order to write such a business-changing plan....I'm from Ghana in West Africa, a country full of business opportunities but less fruitfulness in it pursuit.

saravanan

Research the market
Know your competition
Understand your customer

TeCo

YourBizGuru said:

I have learnt the entrepreneur is a key ingredient to creating a successful business plan. It is sort of like cooking Jamaican red peas soup but leaving out the key ingredient red peas so you will probably end up with chicken soup...still soup but not the flavour you were expecting? A customize well written business plan with you in mind is a must.to acheive the flavour you are looking for in your business check out my gig on Fiverr YourBizGuru if this is what you are looking for.

Definately - to be honest I take a deep breath and sigh when I see the words "Business Plan" so many templates out there which are so sterile and dead. 

Mike95

Great article and thanks for sharing! I like to add a few other things to keep in mind before writing a business plan. The most important are Know your audience, Do Market Analysis, Set up clear goal or vision etc.