12 Expert Tips to Write Your Business Plan -

12 Tips to Write Your Business Plan

Learn to craft an excellent business plan with our curated selection of tips and tricks—developed by planning experts with over 40 years of experience.

Tips to write your business plan

1. Before writing your business plan

Take the time to consider why you need a plan and organize your thoughts on a single page.

2. Understand what makes a great plan

There are certain factors that make a great business plan, including fitting your business needs, being realistic, and addressing assumptions. Here are a few other traits to enhance your plan.

3. Craft a compelling message

Use your plan to convince others that your business idea is worth investing in. Consider how the plan will be read and what can make it engaging.

4. Know why business plans fail

Ineffective planning is a big reason why businesses fail. Understanding what causes business plans to hinder growth or be rejected can help you become a better business owner.

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5. Avoid common planning mistakes

Simple mistakes can lead to a mediocre or ineffective plan. Skipping planning altogether is the biggest mistake, but several others connected to your financials can sink your idea before it gets off the ground.

6. Spend time formatting

You may have a killer business idea, detailed market research, and captivating descriptions that will grab attention. But none of it matters if your plan appears dense and overly complex.

7. Use the right tools and resources

Explore tools and resources that can help you write a business plan. Aside from this guide, here are a few favorites to check out.

8. Know all the ways to use your plan

Stay focused on your single goal for the plan, but recognize the many other ways to get immediate and long-term use out of it.

9. Disregard planning myths

There are numerous misconceptions about business planning. Know why these misconceptions aren’t true.

10. Write your business plan in one day

You can get all the components of your business plan down in just a single day with a little prep work and focus on keeping things simple.

11. Participate in writing a business plan month

There’s never a wrong time to write or update your business plan. Consider participating in “Write a Business Plan Month” for inspiration.

12. Consider working with a business plan writer

Working with a business plan writer allows you to focus on other startup steps. Ask the right questions to avoid wasted money on an unusable plan.

Working with a business plan writer allows you to focus on other startup steps. Ask the right questions to avoid wasted money on an unusable plan.

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