How to write killer business plans for your startup home business company?
An article from guest blog writer, Matt Press, Splash Copywriters, looking at how to write killer business plans for your business.
You may have the best idea on the planet for your new startup company but without an equally awesome killer business plan, you will not get very far.
You see, running a successful business, whether from home or otherwise, involves far more than simply having a great product or service to market. You need to set out realistic objectives and leave no stone unturned as far as details are concerned.
Without a killer business plan, you will also struggle to convince the bank to lend you any funds.
So here we take a close look at how you can develop a business plan that, when followed, will give you the very best chance of making a real go of it, and then some!
- Take it seriously and show some structure
Just remember that this is what you have wanted to do for ages and by constructing a killer business plan that shows you are not fooling around, you will be giving yourself the very best chance. If your plans are reliant on getting capital, ensure that your plan has plenty of financial information that adds up correctly.
You will need at least 3 pages of summary in your plan and another 25 pages or so regarding the investment potential.
2. Complication isn’t clever
Stay nice and concise whenever possible because nobody likes to feel out of step when reading about their potential investments. Explain exactly what it is that your home based business is all about and leave no stone unturned. If you are struggling to do this, well maybe you need to take a step back and look at your own plans first.
3. Pitch on paper and be realistic
You need to show how you intend to make your business work in words because not many investors will have time to listen to a personal pitch in their office. Mention all of the key points and don’t be afraid to talk about your threats and even your fears if you have any. If your business has been running for a while and has hit hard times, be upfront about these so long as you can come up with valid reasons for the slump.
Also remember that your potential investors are intelligent business people and they will know instantly if you are trying to fool them into parting with their funds. You also have to be able to deliver on your promises so don’t risk making ones that are unrealistic.
Good luck with your home business planning!
Mark Ford, Home Business Coach, Entrepreneur, Digital Marketer & Information Publishing.
Registered Office: Nice Money Publications Limited, Newport House, Newport Road, Stafford, Staffordshire, ST16 1DA, United Kingdom.
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Thought for the day: it is important that you have a killer business plan but it isn’t the be all and end all. What matters is to learn how to build your home business foundations and drive traffic to your websites using the internet.