The best person to write your business plan is you because you understand your goals and ambitions more than anyone else.

But not everyone possesses the skills needed to write a business plan especially if you will need it to raise some venture capital. For those who cannot write a business plan all by themselves, there are only two ways to go about it. Hire a business plan writing consultant or Buy a business plan writing software

 

It is a known fact that 99% of all business plans written and presented to investors don’t get funded. Why? What’s responsible for the high rejection rate of business plans? Well, this article will highlight all the facts you need to know.

 

However, it is a known fact that to every advantage, there is a corresponding disadvantage. While I totally agree with the basic principle that planning prevents poor performance, I don’t go with those who hold that a business plan is essential to the success of any business.

 
 
 
 
 
 

After giving the reader a good idea of the important trends and paradigm shifts in the industry, you will need to specifically point out your major competitors This means factoring in on not just your direct competition, but the indirect competition as well.

 

Though, a business plan is a plan itself, your business plan needs some planning. Drafting a short strategic plan of about 2-3 pages can help you come up with a more detailed and comprehensive business plan. So, a strategic plan should be the foundation for your business plan. Before you develop your strategic plan, you must clearly identify the status, objectives, and strategies of your business idea. This will be the basis for a critical examination to probe existing perceived strengths, weaknesses, opportunities, and threats.

 
 

If you are risking your capital, time, resources and effort to start a business; then you certainly need a business plan to help you mitigate against the risk involved. If you are already a business owner but you started out without a business plan, then you definitely need to invest in getting a business plan; especially if you want to take your business to the next level. If you would need to obtain financing from third parties either now or in future, then a business plan is indispensable, as it sells your idea and elucidates the opportunities it presents.

 

What is the importance of a job description in a business plan? Are you in the process of writing a business plan and you want to learn how to write a job description for a business plan? Then I advice you read on.

 
 

How do you conduct a risk assessment especially writing a business plan? What’s the important of conducting risk assessment on a business idea or opportunity? Well, I advice you read on to find the answers you seek.

 

A vision and mission statement are some of the most important requisite for business success and sustainability, but unfortunately, most entrepreneurs and small business owners run their business without these two thing out of ignorance. Do you want to learn how to develop a business plan mission and vision statement? Then I advice you read on.

 
 

Are you in the process of starting a business? How do you plan your business legal structure? What is the legal structure of a business plan? Well, I advice you read on to learn how to legally plan your business structure.