A business plan is a multi-page document that details your business activity, your goals, and the path you plan to take to accomplish this. It is an in-depth look at your experience, your financial expectations, your competitors, and takes into account your vision for the business. Creating a business plan can be intimidating for some folks – is a holistic look at your new business; you have everything in your head but need to write it out in a concise and clear manner.
The secret to a good business plan is using a professional to help you draft your plan. At Strategy4nine, we have experience helping business owners develop business plans that will help you build the business you’ve dreamed of and planned. Working together, we can use our combined knowledge, expertise, and experience to help you lead the way into your future based on solid principles and a solid plan.
We help owners create the perfect logo to express their business, tag lines, and research competitors and facilities. We can help you organize your thoughts so the plans you do have in your head are consistent with generally accepted practices and are written and developed in a way that demonstrate to the reader or underwriter you are well equipped to take on your new venture.
A great business plan doesn’t happen overnight. Together we will research the possible location of your business. We will look at the future value of the property so we can accurately project future facility costs, which will impact your bottom line (now and in the future). We will also pay attention to the access to your business. Imagine renting a building and finding out six months into the lease the city will be redirecting all traffic away from your business for construction. If you are not prepared, this could lead to a devastating loss of business.
Other things that a good business plan will include are your vision, mission, and values; pictures of your intended facility and product or service; and examples of your service or product. It’s important to call out your competitors and compare your perceived strengths and weaknesses versus your competitors. This shows the underwriters you are realistic and that you understand your industry.
Owning and running a small business is not for the faint of heart. A great business plan will also demonstrate your ability to overcome adversity and your commitment to your business’ success. As a closing thought, think of your business plan as an opportunity to set yourself apart. You get to tell the world how you plan to run your business so it provides the value that others are looking for and need, in your own words.