Page1of23BusinessplanforanewbusinessThebusinessplanconsistsofanarrativeandseveralfinancialworksheets
Thenarrativetemplateisthekeytothebusinessplan
Itcontainsmorethan150questionsdividedintoseveralsections
Omitanyquestionsthatdonotapplytoyourtypeofbusiness
Whenyouhavefinishedwritingyourfirstdraft,youwillhaveacollectionofsmallessaysonthevariousaspectsofthebusinessplan
Thenextstageistoeditthemintoasmooth-flowingnarrative
Therealvalueofcreatingabusinessplanisnotinhavingthefinishedplaninyourhand;rather,thevalueliesintheprocessofresearchingandthinkingaboutyourbusinessinasystematicway
Theactofplanninghelpsyoutothinkthingsthroughthoroughly,studyandresearchifyouarenotsureofthefacts,andlookatyourideascritically
Ittakestimenow,butwillhelpavoidcostly,perhapsdisastrous,mistakeslater
Thisbusinessplanisas