Business plans: why develop a business plan?

Business plans are the vital blueprint for your new company. As the US Small Business Administration points out - all companies need professional business plans, a builder won't begin construction without a blueprint, and neither should the entrepreneur! Business plans are the fundamental blueprint for your business. According to the SBA, it "defines your business, identifies your goals, and serves as your firm's resume".

Consultants advising new entrepreneurs will recommend writing business plans, without exception. However, despite all this good advice, many entrepreneurs are still reluctant to spend the necessary time and energy to put one together. Excuses for ignoring business plans are many, and include such old favorites as:

• Business Plans: "I don't need a business plan, so there's no point."
• "I have everything in my head, so there's no need to write it down."
• Business Plans: "My marketplace changes too frequently for business plans to be useful."
• "I can't be bothered with all this meaningless bureaucracy."

Business plans: prepare business plans for success!

Convincing as they may seem at first sight, all these excuses not to have our team develop your business plan can be quickly answered. Here are some brief pointers:

• Business Plans: Even if you don't need any funding, writing business plans are still a vital first step in planning exactly how you will set about making money!
• You may think you have it all tucked away in your head, but when you come to write it down, you may be surprised at how many previously unsuspected gaps there were. When you take the time to think it all through end-to-end, that's when you become aware of areas that have not been addressed.
• Business Plans: Some things don't change all that quickly: your unique selling point, your idealized customer, your product or service, your overall marketing strategy, your management team. These are the things that should go into business plans.
• If you can't be bothered to consider even a basic business plan, then you need to question your commitment to going into business.

If we've managed to convince you of the need for business plans, but you know you don't have the ability or experience to write a good one, then don't worry: all is not lost! Many novice entrepreneurs call on consultants like ourselves, with a long track record in writing all kinds of business plans, to plan your future success. We have a wealth of experience with startups in search of the perfect business plan: start-ups just like you, in fact! Contact us for professional business plans.

You can also contact us at 877-334-4780 or howie@HJVentures.com if you have any questions on business plans.

Business Plans